PFHS OBJECTIVE 3.02 WITH
COMPLETE SOLUTIONS
Net Income - ANSWER-Darrell's paycheck has had the taxes and benefits deducted.
His take-home pay is referred to as
money market deposit account - ANSWER-Haley received a bonus and wants to
deposit it in an account that allows limited withdrawals, but pays a higher interest rate.
Which would be the best type of account for her to use?
credit card - ANSWER-An ability to borrow a limited amount of money on demand, small
monthly payments, and no end date are characteristics of which money tool?
values - ANSWER-Fundamental beliefs or practices of personal importance should be
placed in which category?
net income. - ANSWER-When Greg received his first paycheck, he was surprised to
see it was much lower than expected. He had not considered the regular deductions
that would be taken out of his check. The amount Greg received is referred to as:
values. - ANSWER-Marilyn believes that a portion of her income should go to charitable
causes to help those less fortunate. This is an example of:
Spending plan - ANSWER-The newlyweds wanted to start their marriage being
financially responsible. What tool could they use to keep track of where their money is
going?
need - ANSWER-Johnny is observed wearing a short sleeved shirt as he waits for the
bus on a cold morning. A jacket for Johnny would be considered a:
income - ANSWER-Money earned from savings accounts and investments is an
example of:
food and insurance - ANSWER-Which are examples of expenses?
savings account - ANSWER-Samantha is looking for an institution for her money
management. She is looking for an account that pays interest on deposits, does not
have check writing privileges, and has easy withdrawal access on demand. Which type
of account would be best for Samantha?
complain effectively and refuse poor equipment - ANSWER-Sarah was very upset when
her new phone broke the week after she purchased it. In her anger, she went to the
COMPLETE SOLUTIONS
Net Income - ANSWER-Darrell's paycheck has had the taxes and benefits deducted.
His take-home pay is referred to as
money market deposit account - ANSWER-Haley received a bonus and wants to
deposit it in an account that allows limited withdrawals, but pays a higher interest rate.
Which would be the best type of account for her to use?
credit card - ANSWER-An ability to borrow a limited amount of money on demand, small
monthly payments, and no end date are characteristics of which money tool?
values - ANSWER-Fundamental beliefs or practices of personal importance should be
placed in which category?
net income. - ANSWER-When Greg received his first paycheck, he was surprised to
see it was much lower than expected. He had not considered the regular deductions
that would be taken out of his check. The amount Greg received is referred to as:
values. - ANSWER-Marilyn believes that a portion of her income should go to charitable
causes to help those less fortunate. This is an example of:
Spending plan - ANSWER-The newlyweds wanted to start their marriage being
financially responsible. What tool could they use to keep track of where their money is
going?
need - ANSWER-Johnny is observed wearing a short sleeved shirt as he waits for the
bus on a cold morning. A jacket for Johnny would be considered a:
income - ANSWER-Money earned from savings accounts and investments is an
example of:
food and insurance - ANSWER-Which are examples of expenses?
savings account - ANSWER-Samantha is looking for an institution for her money
management. She is looking for an account that pays interest on deposits, does not
have check writing privileges, and has easy withdrawal access on demand. Which type
of account would be best for Samantha?
complain effectively and refuse poor equipment - ANSWER-Sarah was very upset when
her new phone broke the week after she purchased it. In her anger, she went to the
