Can you apply for a loan or a mortgage and earn reduced rates if you have a bed credit score?
Yes
No
What is gross pay?
Money received, especially on a regular basis, for work or through investments:
The amount of money earned by an Employee before deductions are taken out.
The amount of money paid to an employee after deduction are taken out
The annual rate of interest you could be required to pay on a credit card or loan is known as the annual percentage rate, or APR.
What is net pay?
The amount of money paid to an employee after deduction are taken out
a three-digit number that measures your creditworthiness .
The amount of money earned by an Employee before deductions are taken out.
Your credit history illustrates how you managed credit over all aspects of your credit existence.
What does your credit score indicate?
Your credit report is an in-depth record of your creditworthiness and private information
This is the nations health care policy for elderly and disabled.
Your financial stability and creditworthiness.
is the ability to understand the products and concepts you need to manage your money.
How do you calculate net pay?
Deductions (minus) gross pay
Gross Pay (minus) Deductions
Net pay (minus) grosspay
Gross pay (minus) net pay
What is another name for net pay?
Take home pay
Home wages
Gross wages
Take home income
What is credit?
When a borrower obtains money or something else of value and agrees to pay the lender back at a later time, usually with interest, this is known as having credit.
A federal program that provides income and health insurance to retired persons, the disabled, the poor, and other groups
The ability to understand the products and concepts you need to manage your money.
A U.S. Federal payroll tax deduction in which the money goes toward social security and medicare taxes
What is the difference between credit score and a credit report?
A Credit score is a a three-digit number that measures your creditworthiness and a credit report is an in-depth record of your creditworthiness and private information.
A Credit score is a a three-digit number that measures your creditworthiness and a credit report is Your credit history illustrated how you managed credit over all aspects of your credit existence.
The higher the credit score, The lower the interest rate .
True
False
Why is it crucial to have a good credit score?
Because it plays a significant role in your financial identity
Because a three-digit number that measures your creditworthiness .
Because understanding how to figure out your net pay is just as crucial as understanding how to figure out your gross compensation.
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