final review

Question 1

additional but unnecessary auto equipment

Answer 1

options

Question 2

protection against responsibility for repairs for a stated period of time

Answer 2

warranty

Question 3

license fee

Answer 3

registration fee

Question 4

monthly payments

Answer 4

installment plan

Question 5

insurance that pays for accident repairs to owner’s car

Answer 5

collision insurance

Question 6

insurance that pays for losses not related to traffic accidents

Answer 6

comprehensive insurance

Question 7

amount policyholder is responsible to pay

Answer 7

deductible

Question 8

those who hire

Answer 8

employers

Question 9

those who are hired

Answer 9

employees

Question 10

hourly pay

Answer 10

wages

Question 11

time and a half

Answer 11

overtime pay

Question 12

pay based on number of items produced

Answer 12

piecework wages

Question 13

income before deductions

Answer 13

gross income

Question 14

income after deductions

Answer 14

net income

Question 15

schedule of time usage

Answer 15

time budget

Question 16

a plan in dollars for the wise use of money

Answer 16

budget

Question 17

income after deductions and tithe

Answer 17

disposable income

Question 18

optional addition to an insurance policy

Answer 18

rider

Question 19

recipient of death benefit

Answer 19

beneficiary

Question 20

amount of insurance coverage

Answer 20

face value

Question 21

insurance payment

Answer 21

premium

Question 22

least expensive life insurance

Answer 22

term

Question 23

most expensive life insurance

Answer 23

endowment

Question 24

lifetime insurance, face value received at death of policyholder

Answer 24

limited-payment

Question 25

lifetime insurance, face value received at end of payment period

Answer 25

endowment

Question 26

individual hired to make stock or bond sales

Answer 26

broker

Question 27

commission on sale of stock or bond

Answer 27

brokerage fee

Question 28

good source of stock and bond information

Answer 28

wall street journal

Question 29

cash or easily converted to cash

Answer 29

liquid

Question 30

have voting rights in the corporation

Answer 30

common stockholders

Question 31

stockholders who receive dividends first

Answer 31

preferred stockholders

Question 32

stock with no face value

Answer 32

no-par

Question 33

lender to a corporation

Answer 33

bondholder

Question 34

transaction of less than 100 shares

Answer 34

odd lot

Question 35

buying on time

Answer 35

installment plan

Question 36

social security tax

Answer 36

FICA

Question 37

progressive tax

Answer 37

federal income tax

Question 38

commission on sale of stocks and bonds

Answer 38

brokerage fee

Question 39

loan to buy a house

Answer 39

mortgage

Question 40

base years, 82-84

Answer 40

CPI-U

Question 41

tax on house

Answer 41

real estate tax

Question 42

tax on purchased goods

Answer 42

sales tax

Question 43

certificate of withholding

Answer 43

w-4 form

Question 44

insurance payment

Answer 44

premium

Question 45

income before deductions

Answer 45

gross income

Question 46

reduction in list price

Answer 46

discount

Question 47

a plan for the use of money

Answer 47

budget

Question 48

value assigned real property for tax purposes

Answer 48

assessed value

Question 49

per thousand

Answer 49

mill