Personal Finance CCE Questions and Answers

gross pay - Answer-the pay received before deduction net pay - Answer-pay received after deduction W2 - Answer-what form does the employer use to report your annual income? W2 - Answer-form given by employer before January 31 so that you can do your federal taxes W4 - Answer-reports your dependents and exemptions to your employer 1040 - Answer-Files your federal income tax net worth - Answer-an individual or families assets minus liabilities overdraft protection - Answer-plan where your bank will pay for checks backed by insufficient funds reconcoling - Answer-an account ledger is determining how much money you have available EX: balancing a check book 36% and lower - Answer-what is a responsible DTI range? Depository institution - Answer-another name for bank automobile liability insurance - Answer-In TN teenagers are required to have what insurance? APR - Answer-the interest rate charger on credit transactions credit worthiness - Answer-when you are deemed suitable to receive credit/ a loan net worth - Answer-total value of all your property possestions and assests premiums - Answer-monthly payments for insurance deductible - Answer-an initial amounf of lose the insured pays when making a claim credit union - Answer-if you cannot pay cash for a car, a good place to start is a _______ _______