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Twelfth Grade (Grade 12) Personal Finance Questions

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Grade 12 Personal Finance
Which of the following is NOT one of the three basic reasons for saving money?
  1. Emergency fund
  2. Large purchases
  3. Have money available to lend to friends
  4. Build wealth
Grade 12 Personal Finance
A pay deduction required by law that supports the federal government. A progressive tax.
  1. Federal income tax
  2. FICA
  3. Sales Tax
  4. State Income Tax
Grade 12 Personal Finance
An agreement to protect a person or business from specific risks in exchange for regular payments.
  1. Insurance
  2. Job Interview
  3. Minimum Balance
  4. Non-sufficient Funds
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