FIN CERT CERTIFICATION PRACTICE
PAPER 2026 SOLVED QUESTIONS
ACCURATE KEY
● The top salary that you can make. Answer: Earning potential
● The quality, state, or fact of being able to generate, create, enhance, or
bring forth goods and services. Answer: productivity
● Meredith received a refund of $500. Meredith needs a new laptop, but
she would also like to go on vacation to the Bahamas. If Meredith
purchases the laptop, what is her opportunity cost. Answer: The
Bahamas Vacation
● Income generated by selling an investment at a higher price than you
paid for it. Answer: portfolio
● Education, training, and experience are some factors that influence
earned income. Answer: True
● Lillian purchased a house for 150,000. Lillian and her husband
invested 50,000 into home improvements. Lillian and her husband were
able to sell the house for 200000. Is this an example of portfolio
income? Answer: No
, ● Randy earns 22 per hour. This an example of: Answer: Wages
● Wages, salary, and commission are examples of what type of income
Answer: Earned
● James earns 10% of each sale he makes, this is an example of Answer:
commission
● A want is something Answer: you would like to have
● when budgeting, large expenses should be Answer: divided equally
between all paychecks
● Which influence on spending deals with a person's family, friends, and
cultural environment.. Answer: cultural
● Using misleading product images is an example of what type of
deceptive advertising Answer: deceptive descriptions
● An account that allows you easy access to your money and allows the
use of checks and debit cards. Answer: checking
PAPER 2026 SOLVED QUESTIONS
ACCURATE KEY
● The top salary that you can make. Answer: Earning potential
● The quality, state, or fact of being able to generate, create, enhance, or
bring forth goods and services. Answer: productivity
● Meredith received a refund of $500. Meredith needs a new laptop, but
she would also like to go on vacation to the Bahamas. If Meredith
purchases the laptop, what is her opportunity cost. Answer: The
Bahamas Vacation
● Income generated by selling an investment at a higher price than you
paid for it. Answer: portfolio
● Education, training, and experience are some factors that influence
earned income. Answer: True
● Lillian purchased a house for 150,000. Lillian and her husband
invested 50,000 into home improvements. Lillian and her husband were
able to sell the house for 200000. Is this an example of portfolio
income? Answer: No
, ● Randy earns 22 per hour. This an example of: Answer: Wages
● Wages, salary, and commission are examples of what type of income
Answer: Earned
● James earns 10% of each sale he makes, this is an example of Answer:
commission
● A want is something Answer: you would like to have
● when budgeting, large expenses should be Answer: divided equally
between all paychecks
● Which influence on spending deals with a person's family, friends, and
cultural environment.. Answer: cultural
● Using misleading product images is an example of what type of
deceptive advertising Answer: deceptive descriptions
● An account that allows you easy access to your money and allows the
use of checks and debit cards. Answer: checking
