Understanding Net Worth — Unit test Answers

Planning to finance higher education helps people prepare for their financial future because it teaches them about

Lenora is a college student with a student loan of $7,500. Her tuition is $3,200 per year. She owns $470 worth of text books and a has a laptop computer worth $950. She also has a meal plan at school for which she pays $250 per month.Which is one of Lenora’s assets?

In American society, which of these is an example of a want?

How can an employer's retirement matching program encourage an employee to save for their retirement?

This graph compares the total cost of attending educational institutions in Texas.

This graph compares consumer expenditures in three American cities from 2007 to 2010.

Social security and medicare are

Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. What is Keisha’s net worth?

How is a student loan different from a scholarship?

Sales tax is calculated

Rita does chores for her neighbors and makes $45 each weekend. She owes her sister $80. Rita has $178 in coins and a collection of baseball cards worth $475.Which is a liability?

When studying finance or economics, the cost of a decision is also known as a(n)

Which educational institutions typically cost the most to attend?

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Tricia listed her assets and liabilities. Credit Card BillCar LoanBondsPianoBank AccountBicycleWhich are Tricia’s liabilities? Select two choices..

Which describes a type of tax that funds city programs?

Brandon owes his brother $120. He has a stamp collection worth $1,250 and he has $300 in a bank account. He also has a skateboard worth $95.Which are Brandon’s assets?

Which statement best explains a grant?

The image shows a W-2 form.