1) A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker. a) Need b) Social Security c) Budget d) Salary 2) Something that is necessary to live your everyday life a) Social Security b) 401 k c) Need d) Net Income 3) Something that is not necessary to your life but you desire it greatly. a) 401 k b) Want c) Budget d) Net Income 4) The total income you end up with after all deductions. a) Net Income b) Debt c) Want d) Deductible  5) A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis a) Budget b) Want c) Credit Score d) Net Income 6) A federal program that Americans pay into with taxes and draw income from when they retire. Elderly retirees and disabled people who cannot work can collect Social Security funds. a) 401 k b) Salary c) Social Security d) Need 7) Something, typically money, that is owed or due. a) Debt b) Social Security c) Want d) Need 8) An employer-offered defined-contribution plan that allows you to contribute money directly from your paycheck, usually pretax but sometimes after tax, into a tax-advantaged account for retirement. a) Need b) 401 k c) Want d) Salary 9) The three-digit score assigned to your credit profile based on your debt history. A high credit score demonstrates your trustworthiness to lenders, indicating that you are likely to repay your debts. a) Deductible  b) Credit Score c) Need d) Want 10) The amount you must pay out of pocket before your insurance coverage kicks in and covers the rest. a) Social Security b) Deductible  c) Credit Score d) Net Income

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