Edmentum Personal Finance Course || Most Recent
Exam 2026 -2027 Actual Complete Real Exam
Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed
Success!! Newest Exam |Just Released!!
What is the basis for a decision on an
unsecured loan?
A. collateral
B.
creditworthiness
C. current lines of
credit
D. home equity
E. all of the above - ANSWER -B.
creditworthiness
What aspect is factored into a
credit score?
A. account
balances
B. investment portfolios
C. your choice of profession
,D. checking account overdraft
E. credit inquiries - ANSWER -E. credit inquiries
How can a poor housing market put home buyers in a
financially unstable position?
A. Changing property values means it's easier to find homes
with low rental costs.
B. When the home value decreases, property taxes and
insurance costs increase.
C. Houses are valued lower than their purchase prices, so
the home equity decreases.
D. Home buyers lose all tax benefits and tax incentives when
the housing market goes down.
E. Mortgage payments can increase even though the home
value decreases. - ANSWER -C. Houses are valued lower than
their purchase prices, so the home equity decreases.
Which item(s) are tax deductible for consumers who are buying
or renting a home?
A. lease interest payments and fees
B. mortgage property appraisal and inspection costs
C. closing fees and title costs
D. mortgage interest and property taxes
E. rental deposits and renter's insurance - ANSWER -D.
mortgage interest and property taxes
Ashton's gross pay is $82,000. He receives tax credits of
$2,000. He pays total taxes of $4,500. What are his taxable and
disposable incomes? Ashton's taxable income is _____ and his
, disposable income is _____. - ANSWER -Ashton's taxable
income is ---80,000--- and his disposable income is ---75,000.---
If you make a charitable contribution to a qualified organization,
then you are eligible for a tax _____. - ANSWER -If you make a
charitable contribution to a qualified organization, then you are
eligible for a tax ---DEDUCTION---
Excise tax is levied on the of _____ goods and services. -
ANSWER -Excise tax
is levied on the ---SALE--- of goods and
services.
How much does your employer pay into the Social Security
system on your
behalf?
A. 4.2
percent
B. 8.4
percent
C. 6.2
percent
D. 12.4 percent - ANSWER -6.2
percent
Fiona deposits $2,000 into a savings account. If the Fed
requires a 20 percent
reserve ratio, how much of Fiona's money can the
bank lend?
Exam 2026 -2027 Actual Complete Real Exam
Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed
Success!! Newest Exam |Just Released!!
What is the basis for a decision on an
unsecured loan?
A. collateral
B.
creditworthiness
C. current lines of
credit
D. home equity
E. all of the above - ANSWER -B.
creditworthiness
What aspect is factored into a
credit score?
A. account
balances
B. investment portfolios
C. your choice of profession
,D. checking account overdraft
E. credit inquiries - ANSWER -E. credit inquiries
How can a poor housing market put home buyers in a
financially unstable position?
A. Changing property values means it's easier to find homes
with low rental costs.
B. When the home value decreases, property taxes and
insurance costs increase.
C. Houses are valued lower than their purchase prices, so
the home equity decreases.
D. Home buyers lose all tax benefits and tax incentives when
the housing market goes down.
E. Mortgage payments can increase even though the home
value decreases. - ANSWER -C. Houses are valued lower than
their purchase prices, so the home equity decreases.
Which item(s) are tax deductible for consumers who are buying
or renting a home?
A. lease interest payments and fees
B. mortgage property appraisal and inspection costs
C. closing fees and title costs
D. mortgage interest and property taxes
E. rental deposits and renter's insurance - ANSWER -D.
mortgage interest and property taxes
Ashton's gross pay is $82,000. He receives tax credits of
$2,000. He pays total taxes of $4,500. What are his taxable and
disposable incomes? Ashton's taxable income is _____ and his
, disposable income is _____. - ANSWER -Ashton's taxable
income is ---80,000--- and his disposable income is ---75,000.---
If you make a charitable contribution to a qualified organization,
then you are eligible for a tax _____. - ANSWER -If you make a
charitable contribution to a qualified organization, then you are
eligible for a tax ---DEDUCTION---
Excise tax is levied on the of _____ goods and services. -
ANSWER -Excise tax
is levied on the ---SALE--- of goods and
services.
How much does your employer pay into the Social Security
system on your
behalf?
A. 4.2
percent
B. 8.4
percent
C. 6.2
percent
D. 12.4 percent - ANSWER -6.2
percent
Fiona deposits $2,000 into a savings account. If the Fed
requires a 20 percent
reserve ratio, how much of Fiona's money can the
bank lend?
