Financial Literacy Exam.

Entrepreneurs who start a new business with the hope of making a profit are {Ans: Accepting the risk of financial loss in unsuccessful}Income can be earned or unearned. Which of the following is an example of unearned income? {Ans: Interest from bank accounts}Which of the following terms is correctly matched? {Ans: Gross income-Salary before taxes}Which strategy is an effective way to build adequate financial resources for a family to pay for college tuition? {Ans: Opening a 529 college savings plan in the first year of a child's birth.}Which of the following factors, other than job performance, will result in higher wages being given to many workers? {Ans: A decrease in corporate borrowing.}Which person listed above is likely to have the greatest number of payroll tax exemptions which lowers taxable income.? {Ans: Mr. Ortiz.}