Question

What is the difference between gross income and net income? Select the best answer.(1 point)

Responses

Gross income is the total of annual salary minus federal income tax.
Gross income is the total of annual salary minus federal income tax.

All wages and other earnings minus mandatory deductions
All wages and other earnings minus mandatory deductions

Net income is wages, salaries and other earnings minus all tax and deductions
Net income is wages, salaries and other earnings minus all tax and deductions

Wages minus voluntary deductions

Answer 1

[AI-generated answer — Bot]

Net income is wages, salaries and other earnings minus all tax and deductions.

Answer 2

What should you do if a deposit made to an ATM on a date before the closing date is missing from your statement?(1 point)

Responses

Make sure you have the ATM receipt with the date, time, and location of the ATM, the amount, and the transaction number printed. Then call the bank.
Make sure you have the ATM receipt with the date, time, and location of the ATM, the amount, and the transaction number printed. Then call the bank.

Go back to the ATM and look for your deposit.
Go back to the ATM and look for your deposit.

Forget about it as the bank will never admit an error.
Forget about it as the bank will never admit an error.

If the deposit was a check, call the originator of the check and ask for a new check.

Answer 3

[AI-generated answer — Bot]

Make sure you have the ATM receipt with the date, time, and location of the ATM, the amount, and the transaction number printed. Then call the bank.

Answer 4

Which of the following is recurring expense?(1 point)

Responses

Buying Starbucks every week.
Buying Starbucks every week.

Paying your health insurance every month.
Paying your health insurance every month.

Buying the new Madden game every year.
Buying the new Madden game every year.

Eating out twice a month.

Answer 5

[AI-generated answer — Bot]

Paying your health insurance every month.

Answer 6

Which of the following is a financial market?(1 point)

Responses

Bank of America
Bank of America

Real estate market
Real estate market

Hartford Insurance
Hartford Insurance

Goldman Sachs

Answer 7

[AI-generated answer — Bot]

Goldman Sachs

Answer 8

Which of these is described as an investment in a financial market?(1 point)

Responses

30 shares of Tesla stock
30 shares of Tesla stock

A famous painting bought from a gallery
A famous painting bought from a gallery

Money in a high-interest bank account
Money in a high-interest bank account

A Super Bowl ticket that you resell for a profit

Answer 9

[AI-generated answer — Bot]

30 shares of Tesla stock

Answer 10

At the end of the car model year, what source of financing for a new car would probably have the best terms?​​​​​​​

(1 point)
Responses

a collateral loan from a bank
a collateral loan from a bank

a collateral loan from the car company
a collateral loan from the car company

a home equity loan
a home equity loan

revolving credit line

Answer 11

[AI-generated answer — Bot]

A collateral loan from the car company.