Topic Assessment: Question
Here are a few questions to test what you've learned.
Your take-home pay, or net income, is __________.
A. the amount you receive after benefits, such as vacation pay and health insurance, have been added
B. the amount you receive after taxes, insurance, or other costs have been subtracted
C. The total amount you earn
D. The amount of cash needed to fill one basketball net
Not Quite. The correct answer is the amount you receive after taxes...
Which of the following is a good example of a making a financial “trade-off”?
A. skipping a few classes at school in order to go shopping at the mall
B. skipping a few dinners out in order to save for a weekend trip
C. skipping a few days of work in order to look for a new job
D. trading your U.S. dollars for Euros
Not Quite. The correct answer is skipping a few dinners out in order to save for a weekend trip.
Typically, the higher the deductible amount, the less expensive the __________.
B. insurance benefits
C. insurance premium
D. cost of a double cheeseburger
Not Quite. The correct answer is insurance premium
If your roommates co-sign your apartment lease, they are __________.
A. smarter than you thought they were
B. not responsible for any damage that may occur
C. equally responsible for paying moving expenses
D. equally responsible for honoring its terms
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Not Quite. The correct answer is equal responsibility for honoring its terms. Click the Next button for more great options.
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