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Score
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15
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What factors affect your credit score and credit history?
Paying bills timely, not having large outstanding loans, avoiding non-sufficient funds situations.
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Check
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Check
15
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What can causes a non-sufficient fund situation?
Not having enough money in your account to cover a check which you wrote.
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Check
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Check
15
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Give some examples of recurring expanses.
Rent, utility bills, mortgage payments, groceries.
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Check
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What do you do to endorse a check?
You sign it on the back.
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Check
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Check
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seesaw
Swap points!
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gold
Win 50 points!
Okay!
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fairy
Take points!
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25
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banana
Go to last place!
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15
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Bob and Mary file tax return jointly. Standard deduction is $24,800, itemized deduction $15,500. Which number should they use on their tax return?
They should use their standard deduction, because it is larger of the two.
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Check
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Check
15
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What is the third party check?
It's a check which you give to somebody after endorsement.
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Check
15
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What does American government tax, your wealth or your income?
Your income.
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Check
15
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Lincoln Literacy is a non-profit organization. Can it be considered a business?
No, because it makes no profit.
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Check
15
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What does NSF acronym stand for?
Non-Sufficient-Funds
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Check
15
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Jack and Jill file tax return jointly. Standard deduction is $24,800, itemized deduction $32,000. Which number should they use on their tax return?
They should use their itemized deduction, because it is larger of the two.
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Check
Okay!
Check
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What happens when the check is bounced?
The check is rejected by the bank because of not enough money in the account to cover it.
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Check
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Check
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baam
Lose 15 points!
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seesaw
Swap points!
Okay!
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rocket
Go to first place!
Okay!
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thief
Give points!
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15
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Give your definition of a business.
Economic activity intended to produce profit.
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Check
15
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What is the difference between tangible and intangible assets?
Tangible you can see, touch, move. Intangible- non-material, invisible.
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Check
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monster
Reset all scores!
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rocket
Go to first place!
Okay!
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fairy
Take points!
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25
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baam
Lose 20 points!
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