H&R block Exam Questions With Solutions
credit score A rating used by credit reporting companies to help lenders decide whether
and/or how much credit can be extended to a borrower.
creditworthiness a measure of your ability and willingness to repay a loan
credit card a small plastic card issued by a bank, business, etc., allowing the holder to
purchase goods or services on credit.
debit card a card (usually plastic) that enables the holder to withdraw money or to have
the cost of purchases charged directly to the holder's bank account
deductions amounts that are subtracted from your paycheck
expenses the cost required for something; the money spent on something.
federal income tax the taxes that the federal government imposes on personal income in
order to provide services
, H&R block Exam Questions With Solutions
fixed a cost that does not change, no matter how much of a good is produced
fixed interest rate loan A loan with an interest rate that stays fixed for the entire duration
of the loan
fixed rate mortgage A mortgage with a guaranteed fixed or unchanging interest rate for
the life of the loan.
flexible income and expenses that vary each money
gross income total pay before deductions
health insurance a type of insurance that minimizes financial risk related to medical
expenses
homeowners insurance Protects against most types of property losses and liabilities
related to home ownership
credit score A rating used by credit reporting companies to help lenders decide whether
and/or how much credit can be extended to a borrower.
creditworthiness a measure of your ability and willingness to repay a loan
credit card a small plastic card issued by a bank, business, etc., allowing the holder to
purchase goods or services on credit.
debit card a card (usually plastic) that enables the holder to withdraw money or to have
the cost of purchases charged directly to the holder's bank account
deductions amounts that are subtracted from your paycheck
expenses the cost required for something; the money spent on something.
federal income tax the taxes that the federal government imposes on personal income in
order to provide services
, H&R block Exam Questions With Solutions
fixed a cost that does not change, no matter how much of a good is produced
fixed interest rate loan A loan with an interest rate that stays fixed for the entire duration
of the loan
fixed rate mortgage A mortgage with a guaranteed fixed or unchanging interest rate for
the life of the loan.
flexible income and expenses that vary each money
gross income total pay before deductions
health insurance a type of insurance that minimizes financial risk related to medical
expenses
homeowners insurance Protects against most types of property losses and liabilities
related to home ownership
