Everfi Module 9 Investing

The purpose of a budget is to help you plan what? how you will spend the money you earn or receive. What kind of bank account will help you most financially? a saving account that compounds daily will benefit you most financially. What accounts are saving vehicles? savings accounts, money market accounts and certificates of deposit. The rule of 72 is used to determine what? the number of year it will take for an investment to double in value at a given interest rate. To earn as much inte...

W-4 Tells your employer how much federal income tax to withhold from your paychecks to send to the IRS Benefits available from your employer Healthcare, paid time off, disability insurance, and matching contributions to a retirement account Gig Economy A flexible market that allows you to work short-term, independent jobs Possible tax or deduction which may show up on your paycheck Federal income tax, Contributions to retirement savings, FICA What do you need in order to fill out your 104...

W-4 Tells your employer how much federal income tax to withhold from your paychecks to send to the IRS Benefits available from your employer Healthcare, paid time off, disability insurance, and matching contributions to a retirement account Gig Economy A flexible market that allows you to work short-term, independent jobs Possible tax or deduction which may show up on your paycheck Federal income tax, Contributions to retirement savings, FICA What do you need in order to fill out your 104...

Engaging in risky activities when under the influence is a potential symptom of a substance use disorder. True The "biphasic effect" describes that way in which alcohol affects people changes as their BAC increases ___ fluid ounces of beer is generally considered a standard drink in the U.S. 12 Which of the following is a good way to help someone who may have a substance use disorder? Share your concerns while being supportive and empathetic Mixing alcohol with marijuana does NOT cause ...

Engaging in risky activities when under the influence is a potential symptom of a substance use disorder. True The "biphasic effect" describes that way in which alcohol affects people changes as their BAC increases ___ fluid ounces of beer is generally considered a standard drink in the U.S. 12 Which of the following is a good way to help someone who may have a substance use disorder? Share your concerns while being supportive and empathetic Mixing alcohol with marijuana does NOT cause ...

Which type of financial institution is the best choice for someone that wants a bank that offers checking, savings, and doesn't offer nationwide ATM's? Credit Union If you are planning on saving money over a long period of time what type of interest do you need? compound interest because it will pay interest on the original deposit plus interest earned over time The total of amount of money earned after taxes and deductions are taken out of your paycheck. Net Income What is this form ...

Investing is best for ________. a. long-term financial goals, like paying for retirement. b. earning a little interest while keeping your money safe c. guaranteed fast growth on your money d. short-term financial goals, like building an emergency fund. a How can you avoid spending more than what is in your bank account? a. check your bank statement once a month b. ask your financial institution to notify you when you are close to $0 in your account c. keep your own record to compare with...

Investing is best for ________. a. long-term financial goals, like paying for retirement. b. earning a little interest while keeping your money safe c. guaranteed fast growth on your money d. short-term financial goals, like building an emergency fund. a How can you avoid spending more than what is in your bank account? a. check your bank statement once a month b. ask your financial institution to notify you when you are close to $0 in your account c. keep your own record to compare with...

Select the answer that best describes opportunity cost: What you give up as a result of choosing one option versus another; a trade Before buying a new computer, you want to do some research to help you select the best model for your needs. Where should you go: An independent consumer education website that reviews and rates technology If you know the unit price of an item, you are better able to: Compare prices of two brands Which of the following is NOT a successful budgeting strategy? P...

which payment option takes money out of your bank immediately? debit card which forms of payment is linked to a bank account which limits the amount of money you can spend to balance your account? checks & debit cards which of the following is NOT be a warning sign of a scam when buying a car or other big purchase? a price that fits comfortable in your budget a pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal? the price of each penci...