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H&R block Exam Questions With Solutions
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H&R block Exam Questions With Solutions credit score A rating used by credit reporting companies to help lenders decide whether and/or how much credit can be extended to a borrower. creditworthiness a measure of your ability and willingness to repay a loan credit card a small plastic card issu...

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  • October 19, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • hr block exam questions with solutions

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H&R block Exam Questions With Solutions

credit score A rating used by credit reporting companies to help lenders decide whether

and/or how much credit can be extended to a borrower.




creditworthiness a measure of your ability and willingness to repay a loan




credit card a small plastic card issued by a bank, business, etc., allowing the holder to

purchase goods or services on credit.




debit card a card (usually plastic) that enables the holder to withdraw money or to have

the cost of purchases charged directly to the holder's bank account




deductions amounts that are subtracted from your paycheck




expenses the cost required for something; the money spent on something.




federal income tax the taxes that the federal government imposes on personal income in

order to provide services

, H&R block Exam Questions With Solutions

fixed a cost that does not change, no matter how much of a good is produced




fixed interest rate loan A loan with an interest rate that stays fixed for the entire duration

of the loan




fixed rate mortgage A mortgage with a guaranteed fixed or unchanging interest rate for

the life of the loan.




flexible income and expenses that vary each money




gross income total pay before deductions




health insurance a type of insurance that minimizes financial risk related to medical

expenses




homeowners insurance Protects against most types of property losses and liabilities

related to home ownership

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