Personal Finance

what is an Asset
A. Physical belongs worth money that are meant for resale. B. inventory of a business C. savings account balance and real estate D. Assets are items you own that can provide future benefit to your business, such as cash, inventory, real estate, office equipment, or accounts receivable, which are payments due to a company by its customers.
Overdraft
A. When you attempt to borrow money from your bank B. an overdraft is a negative balance in your account. C. when you attempt to open too many bank accounts with your financial institution D. accidently put something on top in your account, instead of under
Liability
A. the state of being responsible for something, especially by law B. A type of health insurance C. when you feel guilty for something you did and turn your self in D. when you pay a bill late
Net Income
A. Total income after taxes and other deductions like insurance and taxes. B. income related to fishing expenses C. Total income before taxes or other deductions are applied to it. D. half of your income before taxes are taken out
Gross Income
A. Total income after taxes and other deductions like insurance. B. Total income before taxes or other deductions are applied to it. C. Total income before you deposit in to savings D. Half if your income before taxes

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Personal Finance (Answer Key)

what is an Asset
A. Physical belongs worth money that are meant for resale. B. inventory of a business C. savings account balance and real estate D. Assets are items you own that can provide future benefit to your business, such as cash, inventory, real estate, office equipment, or accounts receivable, which are payments due to a company by its customers.
Overdraft
A. When you attempt to borrow money from your bank B. an overdraft is a negative balance in your account. C. when you attempt to open too many bank accounts with your financial institution D. accidently put something on top in your account, instead of under
Liability
A. the state of being responsible for something, especially by law B. A type of health insurance C. when you feel guilty for something you did and turn your self in D. when you pay a bill late
Net Income
A. Total income after taxes and other deductions like insurance and taxes. B. income related to fishing expenses C. Total income before taxes or other deductions are applied to it. D. half of your income before taxes are taken out
Gross Income
A. Total income after taxes and other deductions like insurance. B. Total income before taxes or other deductions are applied to it. C. Total income before you deposit in to savings D. Half if your income before taxes

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