What is defined as net pay?(1 point)
Responses
1. It is the total amount of money a worker earns in a given pay period.
2. It is the money that is subtracted from gross pay to pay for benefits.
3. It is the money that is withheld from gross pay to pay taxes.
4. It is the money left over after deductions are removed and taxes are withheld from gross pay.
4. It is the money left over after deductions are removed and taxes are withheld from gross pay.
Which of the following is an advantage of buying your car over leasing?(1 point)
Responses
When you want to get a new car, you have to deal with selling your current one.
When you want to get a new car, you have to deal with selling your current one.
The down payment for a car loan is usually smaller than the security deposit for a lease.
The down payment for a car loan is usually smaller than the security deposit for a lease.
You are always driving a new car.
You are always driving a new car.
You will end up owning the car, which may be worth a fair amount of money.
You will end up owning the car, which may be worth a fair amount of money.
Which of the following is an advantage of buying your home over renting?
(1 point)
Responses
You do not have to worry about the housing market in your area.
You do not have to worry about the housing market in your area.
The amount you pay each month is set by the terms of your mortgage.
The amount you pay each month is set by the terms of your mortgage.
If something breaks, you have to fix it or pay to have it fixed.
If something breaks, you have to fix it or pay to have it fixed.
Your mortgage payments will far exceed the value of your home.
The amount you pay each month is set by the terms of your mortgage.
hat is the main reason to avoid renting to own?
(1 point)
Responses
If the item breaks, you have to buy a new one.
If the item breaks, you have to buy a new one.
You are buying used merchandise.
You are buying used merchandise.
It can be weeks before the item is delivered.
It can be weeks before the item is delivered.
You will pay much more than the cost of the item in a short period of time.
You will pay much more than the cost of the item in a short period of time.