Quiz | HWW FinancialYou

Name*

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Company / School

State

Being on a budget means:*

You pay bills every month at the due date
You've planned for your expenses to be less than or equal to your income
You are earning enough money to be able to eat dinner out weekly
Your bills are generally paid by every due date

Compound interest is paid on...*

The original amount of the investment and accumulated interest
The original amount of the investment
Accumulated interest
Investment income

An example of a need is:*

A Florida vacation
A car
Room and board
A laptop

What is NOT a good method to improve your credit score?*

Pay all your bills on time
Maintain your older credit cards
Keep your credit card balances under 30% of your credit limit
Always pay in cash and do not get any credit cards

Suppose you invest $100 in a savings account earning 2 percent interest per year, compounded annually. After five years, assuming you haven't withdrawn anything, how much money would be in the savings account?*

$100.00
$102.00
$110.00
$110.41

You get a bonus at work and want to invest the money. When considering investments, you should look for an investment with:*

Zero interest rate
A high principal
A high interest rate
A low principal

You got a new job working on the weekends at a nearby restaurant making $15 an hour. How much will your paycheck be after working 10 hours?*

$15
$150 less any taxes
$150 plus a bonus
$150

Your credit score is important because:*

It can affect your interest rate when you take out a loan
It can have an impact on whether you can finance major purchases
It can determine whether you can get credit cards
All of the above

What is considered an excellent credit score?*

Which of the following statements about Form W-4 is true?*

Form W-4 is filed annually with the IRS by April 15th
Form W-4 affects the amount of Social Security taxes withheld on a paycheck
You only have to fill out Form W-4 if you make at least $10,000 of income a year
Form W-4 affects the amount of income tax withheld on a paycheck

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