"The ability to obtain goods or services before payment, based on trust that payment will be made in the future."

"Money that is owed to a person or institution such as a bank."

"A person who lends money to another."

"A person who borrows money from another."

"Property that is offered to guarantee the repayment of a secured loan."

"A loan that is backed up with collateral in addition to the borrower's reputation."

"A loan that is not backed up with collateral, so the lender relies solely on the borrower's reputation."

"Rate of interest that does NOT include compounding over time."

"Rate of interest that includes compounding over time."

"Taxes that are taken directly out of an individual's income."

"Taxes placed on buying and selling specific goods or services."

"Taxes on the ownership of property that is considered valuable."

"Levels of income that determine how much income tax must be paid."

"A detailed list of information describing the likelihood that a person has repaid and will repay their debts."

"An attempt to trick someone into giving out personal information; used by identity thieves."

"A 3-digit number that ranks your likelihood to pay back your debts."

"A 9-digit number used by the US government to keep track of citizens' identities and financial information."

"The process of being declared legally unable to pay debts."

What type of bankruptcy usually involves personal assets being sold off to pay outstanding debts?

What type of bankruptcy, also known as "Reorganization Bankruptcy", is commonly used by business owners and requires a regular source of income?

What is the purpose of the IRS?

"Expenses that reduce an individual's taxable income."

When and where did people first start lending and borrowing money?

If I want to take out a loan to pay for my house and do not repay it in time, the bank may reclaim my house. In this case, the house functions as...

Which of the following is a common example of an unsecured loan?

Why should bankruptcy be avoided?

Which of the following is NOT true of an unsecured loan?

Why should you pay off your whole credit card bill instead of only making minimum payments?

Which of the following should you NOT use when you are in debt?

What makes involuntary bankruptcy different from voluntary bankruptcy?

The 16th Amendment...

Under a progressive tax, people pay...

When should you fill out a W-4 form?

What information is listed on a W-4 form?

Which of the following would require you to update your W-4 form?

Social Security and Medicare are funded with taxes known as...

Who is responsible for filling out your W-2 form?

What information is listed on a W-2 form?

If you pay too much in income taxes throughout the year, what will you receive after filing your taxes?

On what date are tax returns due?