Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
If you need legal help but earn too much to qualify for free help, you should look into getting a _______.
Choose wisely. There is only one correct answer.
Sliding-fee scale. "Pro bono" means "free," so that answer is not correct.
2.
Most major government food programs are overseen by which US government department?
Choose wisely. There is only one correct answer.
Department of Agriculture. The USDA is well known for its food programs.
3.
Federal programs for homeowners facing foreclosure are available to all homeowners, regardless of their situation.
Choose wisely. There is only one correct answer.
False. There are many requirements that homeowners must meet, some of them quite demanding.
4.
With the earned income tax credit, if the credit is more than the actual tax that you owe, what happens to the amount left over?
Choose wisely. There is only one correct answer.
It is paid to you. In tax terms, this makes it a "refundable" tax credit.
5.
Many mortgage lenders offer a temporary suspension of your monthly mortgage payments if you are unable pay your mortgage. This suspension is known as _______.
Choose wisely. There is only one correct answer.
Forbearance. Forbearance programs let a homeowner explore their options, get counseling, or modify their loan during this time.