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FICA taxes are Social Security and Medicaid.

Savings accounts are referred to as a demand deposit account because the bank must permit these funds to be withdrawn whenever the account holder demands.

Net pay minus deductions will provide the gross pay amount, or the amount you take home for your paycheck.

In your own words, explain the difference between simple and compound interest.  Identify one example for each (simple and compound) that will be a benefit to your finances.

In class, we went through Future Value (FV) and Present Value (PV) examples using Excel.  Explain the benefit of understanding both FV and PV to your financial planning process.  How do you think you will use these formulas to help out your finances?

Which of the following are included in the Financial Planning Process?

The idea that a dollar today is worth more than a dollar received in the future is which of the following:

Target points in the future when you expect to have achieved or completed certain financial objectives is called:

Planning tools that provide an up-to-date evaluation of your financial well-being, help you identify potential financial problems, and help you make better-informed financial decisions are called:

In class we have discussed a number of ways to save money now and for the future.  Identify three ways that you have identified to save money.  Explain how you are implementing these savings habits.