PERSONAL FINANCE TEST CHAPTER 9&10 Flashcards
INSURANCE
HELPS YOU
TRANSFER THE RISK FROM
YOUR BANK ACCOUNT TO
THE INSURANCE COMPANY.
LIFE INSURANCE
GUARANTEES YOUR
LOVED ONES A CERTAIN AMOUNT OF MONEY
WHEN YOU
PASS AWAY
IN RETURN FOR PAYING
THE INSURANCE COMPANY
A FEE, THEY WILL
PAY FOR
CERTAIN EXPENSES OR
DAMAGES.
COMPREHENSIVE
COVERAGE PAYS FOR
LOSS OR DAMAGE TO
YOUR CAR CAUSED BY
ANYTHING OTHER THAN A COLLISION
THOUGH THE AFFORDABLE CARE ACT,YOU CAN STAY ON YOUR PARENTS HEALTH
INSURANCE UNTIL.
You turn 26 years old
THE PURPOSE OF LIFE
INSURANCE IS TO REPLACE
YOUR___ When you die
Income
THE AMOUNT OF
MONEY THE
INSURANCE
COMPANY AGREES TO PAY FOR AN INCIDENT
IS
Coverage
HOMEOWNERS
INSURANCE COSTS ARE___IN STATES THATA R E MORE SUSCEPTIBLE
TO HURRICANES, FLOORS, OR TORNADOES.
Higher
YOUR____HAS ALL THE
INFORMATION YOU
WOULD NEED IN CASE
OF AN ACCIDENT.
Insurance card
_____WILL COVER
YOU IF SOMEONE STEALS YOUR PERSONAL
INFORMATION.
Identity theft protection
IS THE AMOUNT YOU HAVE TO PAY BEFORE THE INSURANCE COMPANY WILL
MAKE A PAYMENT.
Deductible
GETTING GOOD GRADES, DRIVING SAFELY, AND
DRIVING AN OLDER CAR
ARE EXAMPLES OF WAYS YOU CAN___
Lower your auto insurance costs
EXPENSES
THAT ARE TAKEN
OUT OF YOUR
PAYCHECK .
WITH HOLDINGS
AND DEDUCTIONS
ARE
THE TAX ON THE PURCHASE OF GOODS OR SERVICES IS CALLED
CONSUMPTION TAX.
EVERY AMERICAN WHO EARNS AN INCOME MUST FILE A______Each year
FEDERAL TAX RETURN
