Personal Finance Week 11 Questions and Answers Rated A

Personal Finance Week 11 Questions and Answers Rated A A ____________ is defined as a group of people living in the same place or having a particular characteristic in common. community It is part of God's plan for us to live an individual life, away from others. false When choosing the right organization to be a part of, what information is important to check beforehand? "About" page on their website, contact information and Tax ID Number, Internet research and reviews, financial information, Accomplishments and track record, organization's transparency When we grow in relationship with ______________, we grow in relationship with God. others What are some services within a community that are paid with tax revenue? Select all correct answers. police department, fire and rescue departments, library, public schools, sanitation/waste removal The costs for public education are mainly for what? payroll expenses related to public school employees The federal agency responsible for disaster relief is known as: FEMA (Federal Emergency Management Agency) What areas fall under Law Enforcement and are paid for in part or whole by tax revenue? Choose all that apply. police/sheriff's department, courts and judges, correctional facilities, animal control It is mandated that all Fire and Rescue workers are paid. false I Thessalonians 5:18 says to "give thanks in ______ circumstances." all taxed investment/savings options savings account, CDs (certificate of deposit), stock/bond dividends, money market accounts 401(k) people that work for public/private for-profit businesses 403(b) for people that work for tax-exempt/non-profit organizations 457 for people that work for state or local government, schools, and universities TSP for people employed by the federal government IRA for people who want to put their money into a tax-deferred account at a bank/through their employer Most people participate in tax-deferred savings and investments accounts for ______________________. retirement or travel Tax-deferred accounts _________________________. taxed later when a person has retired and is in a lower tax bracket How do a savings account and money market account differ? You can write checks from a money market account, but cannot from a savings account Proverbs 22:7 tells us "The rich rules over the poor, and the _________ is the slave to the _________. borrower, lender Financial issues are never really a _________ problem, but are symptomatic of _________ issues. money, heart In debt situations, compounding works in your favor. false