FIN 101 Final Exam questions with correct answers 2026/2027 Edition Graded A+ Your take home pay is what you are left with after subtracting witholdings from your a. adjusted gross income

FIN 1O1/102/202
BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS

, FIN 101 Final Exam questions
with correct answers
2026/2027 Edition Graded A+
Your take home pay is what you are left with after subtracting
witholdings from your


a. adjusted gross income
b. taxable income
c. net earnings
d. gross earnings
e. tax exempt income - ✅✅D


The___would be included in a rental contract or lease agreement


a. length of lease agreement
b. amount of the monthly payment
c. payment date
d. deposit required
e. all of these - ✅✅E

, If you made a down payment of $11,000 on a $110,000 house, the
lender no doubt will require _____as a result of the size of the down
payment


a. application fees
b. mortgage insurance
c. homeowner's insurance
d. closing points
e. a bond - ✅✅B


If the maximum loan-to-value ratio that a lender will accept on a
$100,000 loan is 90%, then the borrower must make


a. a minimum down payment including closing costs of $10,000
b. a minimum down payment of $10,000 plus closing costs
c. closing costs plus points of $10,000
d. a maximum down payment of $10,000
e. none of these - ✅✅B


An escrow is used to collect____from one's monthly mortgage
payment