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LET’S PRACTICE
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b. Olga keeps at least $5000 in her savings account at all times. ____________________________________________________________________ c. Chris made $200 in tips last Saturday waiting tables at the restaurant where he works. ____________________________________________________________________ d. Aurelio’s uncle gave him $100 for his birthday, and Aurelio used it to purchase stock in a public company. ____________________________________________________________________ ____________________________________________________________________ 8. Which of the following is NOT a form of Federal Assistance for households with low income? a. Supplemental Nutrition Assistance Program b. Children’s Health Insurance Program c. American Basic Income Supplement d. Head Start 9. In your own words, offer at least three reasons why building wealth can be difficult. _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ 10. T F If your income is below the median income, you could be in the upper middle class. 11. List three different sources of income . _ ____________________________________________________________________ _ ____________________________________________________________________ 12. Federal assistance programs assist low-income households with all of the following EXCEPT: a. education PRODUCT PREVIEW
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b. wealth-building c. health insurance d. home energy and electricity
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Chapter 1 | Getting Personal: You and Your Money
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