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Dave Ramsey, Chapter 10.1

Quiz by Peggy Price

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13 questions
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  • Q1

    Withholdings and deductions are expenses that are taken out of your paycheck

    true
    false
    True or False
    30s
  • Q2

    The money you earn hourly for your time and effort at work is called your income tax.

    false
    true
    True or False
    30s
  • Q3

    Net income is also called your discretionary spending.

    false
    true
    True or False
    30s
  • Q4

    Taxes are fees charged by the government to fund government expenses.

    true
    false
    True or False
    30s
  • Q5

    Everyone who works has to pay ...

    Users enter free text
    Type an Answer
    30s
  • Q6

    You will feel the impact of taxes by what you earn and what you save.

    false
    true
    True or False
    30s
  • Q7

    Gross income is the amount you earn before taxes and other payroll deductions

    true
    false
    True or False
    30s
  • Q8

    A payroll deduction is your car note.

    false
    true
    True or False
    30s
  • Q9

    Net income is what a person earns after payroll taxes and other deductions are taken out.

    true
    false
    True or False
    30s
  • Q10

    Withholdings are the portion of an employee's pay held back to cover taxes and other deductions.

    true
    false
    True or False
    30s
  • Q11

    Fiscal year is a one year period that governments or companies use for financial reporting.

    true
    false
    True or False
    30s
  • Q12

    National debt in the total amount of debt a country owes to companies and other countries as a result of deficit spending.

    true
    false
    True or False
    30s
  • Q13

    Deficit spending is spending less than you earn.

    false
    true
    True or False
    30s

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