Disability insurance. often pay a lower interest rate during the first few years. Check all that apply. Treasury notes, Which factors can affect a stock's price? c. Joaquin should take the class because a promotion will mean a larger salary over the long term compared to a single cash advantage. If Reg makes a monthly payment of $773.89, which of the following was his down payment? c. There are mileage restrictions on the car. Ariel wants to compare the salaries for positions she was offered at two companies. I, II, III, and IV, How many four-digit personal identification numbers (PIN) are possible if the PIN cannot begin or end with a 0 and the PIN must be an even number? She should research the cost of living of different locations to compare against the offered salaries. no interest rate. She wants to be sure that she is earning interest on her money and can add to her savings. pay a higher interest rate during the first few years. C) This Act was passed as part of HIPAA. Her deductions total $270. A vocational school degree takes one year to earn. d. Sofia has saved $10,000. b. c. equity in a home increases the homeowner's net worth. e. She must make sure she will be able to make the monthly payments. b. She should take the position that offers the largest salary. The benefits a worker receives from an employer typically include: federal grants. c. the total salary and value of insurance benefits for all the years worked a. a. corporate tax. Tamera and Rupert each applied for the same credit card through the same company. c. to stop herself from making financial mistakes b. car payments must become part of the budget. $76.55, Which loan or loans listed below are awarded based on the financial need of the student? It enhances the job evaluation process, which in return helps in setting up more realistic and achievable standards. Jared would like a career with regular hours. They are always offered at variable rates. a. a. visiting different housing locations. I and II a. payment history and total debt. $995.60 $50 There are other special rules that employers and employees may use to value certain fringe benefits. Fido decides to wait for a few months until his credit history improves. She should check her own records to see if she made a mistake. $315 Which describes the difference between a personal loan and a credit card? Ted has $55.00 in his pocket. municipal bonds d. doctor for a professional sports team, a. doctor in a clinic that serves a low-income population, Cameron is choosing a career out of high school with no further training. a. b. d. vocational training throughout career These benefits include medical insurance, employee compensation, employment and family leave insurance. b. The Board amended the accounting for multiemployer plans and group plans in December 2004. Lupe is a student who wants to open a bank account. She plans to graduate in 4 years. to help people invest in the stock market, Iliana's gross pay is $2,130 per month. The auditor provides services to employee benefit plans sponsored by governmental entities. Choose the correct answer. c. equity $324.33, Toby just graduated from four years of college. What is the first step in the decision-making process? She should check her own records to see if she made a mistake. e. Can I pay at least the minimum payment each month? How many different passwords are possible? II & III only a. the career's location Consumer Product Safety Commission Most students are young enough not to have much of a credit score or credit history, so a second party such as a parent or guardian can establish security of payment. She should research the benefits included in each offer. a. income c. Checking accounts are processed immediately so customer and bank records always match. a. previous address, current address, bankruptcy, car loan payment history He also has a skateboard worth $95.Which are Brandon's assets? c. Julio is not correct because the same item cannot represent both an asset and a liability. a. home loan $91,700 c. if you are putting aside a chunk of money to purchase a house in five years Taking action. By the time Maria graduates, how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization? c. $5,696.00 a. c. car insurance rates will be higher than renter's insurance. $3,360 Borrowers taking a balloon payment mortgage most likely $2,200 Compound interest pays interest on the principal and the interest earned in each period. If their loan amount is $140,000, how much more per month will the couple be paying for their mortgage as a result of their bankruptcy? $412.79 a. superior prospects for short-term gains. only goes up. In which situation would a certificate of deposit (CD) be the best banking choice? $14.56 income and location. c. $5,000 e. proof of address. Which educational institutions typically cost the most to attend? b. the total income available to spend. There are no guaranteed investments. date of birth. a. right to be heard The Department of Labor's Office of Workers' Compensation Programs (OWCP) administers four major disability compensation programs that provide wage replacement benefits, medical treatment, vocational rehabilitation and other benefits to federal workers or their dependents who are injured at work or who acquire an occupational disease. a. Which is an example of easy-access credit? Individuals injured on the job while employed by private companies or state and local government agencies should contact their state workers' compensation board. To help her decide, she will do some research. Tuition is aid given to a student by an institution. True b. Most students won't be able to afford paying for their loans, and leave that responsibility to their co-signers. a. credit that is to be repaid in full by a specific date a. Employee benefits are the total income you receive over your lifetime. a smaller percentage chance of loss. Fringe benefits are additional compensation provided to employees above and beyond an agreed-upon wage or salary. An adjustable-rate mortgage is one that Revise his budget to allow for a new computer. $496,700, Brandon owes his brother $120. Yes, the New York Stock Exchange is the principal exchange for the nations of the world. Which of the following best describes a way of safeguarding personal information? the stamp collection and the bank account only Round all dollar values to the nearest cent. c. The plans are simple and easy to construct. a. income c. They can be opened with any amount of money. The loan has a duration of 10 years and an interest rate of 6.1%, compounded monthly. c. federal loans must be paid back more quickly than private loans. a. c. increases annually. b. b. b. Hafsa wants a guaranteed return, and won't need the money for several years. Many people prefer a fixed-rate mortgage because it $949.80 falling into debt if faced with a serious problem Question: 4. a. requires a credit check employment and trust. b. higher property taxes. b. Check all that apply. d. They have a history of paying in full each month. a. cost. a. The median salary for this career is $30,000. b. headphones for $29.99 and a portable speaker set for $30.95 c. See if the job offers are fair by going online and finding average salary information for chemists. They both receive capital to use for growth. d. Joaquin should take the class because $3,000 is too small of an amount to bother putting away for retirement. $2,000 One way to revise a budget to meet long-term goals is to (blank) discretionary spending. e. There are penalties for ending the lease early. The Department of Labor has several programs designed to prevent work-related injuries and illnesses. Each loan had a principal of $5,500, an interest rate of 7.5% compounded monthly, and a duration of ten years. Why do most student loans involve a co-signer? e. Should I talk to a consumer credit counseling service? In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity theft? c. the cost of gas and insurance a. Yuri must check his credit history. d. Scholarships can be awarded for various reasons, but federal grants are usually based on a student's financial need. a. post-secondary education b. gathering information on available housing. Henry will graduate in four years, and the loan has a duration of ten years. 703,040 The statement about employee benefits is true will be: Most companies offer health insurance Health insurance is an insurance coverage that help to cover a person medical costs. d. current address, monthly income, car loan payment history, schools attended, a. previous address, current address, bankruptcy, car loan payment history. Employee benefit are funded by an organisation for the benefit of the employee and includes various services and programmes as well as addition to compensation in the form of wages and salaries. Which details apply to a financing contract? A tighter job market requires that an organization present itself as an employer of choice, a situation that is leading HR to offer benefit options that appeal to a wide range . C. The investment risk is borne by the employer. getting money with favorable interest rates d. Car salesman: sell cars to the police. Co-signers were most likely college students themselves and understand what it is like to be a college student. $18,162.24. c. Joaquin should take the class because a promotion will mean a larger salary over the long term compared to a single cash advantage. The statement describes employee benefits is, Compensation employees receive from employer over and above. b. He decides to formulate some estimates of his lifetime income. the bank account only $337.56 Bonds are considered to offer a guaranteed return, as they must be honored by law, but which is still a potential risk that investors face? b. current address, monthly income, car loan payment history, date of birth Medical and dental coverage Which statement best describes an education at a vocational school? c. obtaining a savings account She will have $2.93 left over. $1,722.22 d. Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal. b. Which equations are true for x = 2 and x = 2? d. She should call the bank to have the charge taken off her account. Which method would be best? The jacket is much more expensive than a similar one from a lesser-known brand. Employee benefits are added perks offered and provided by employers on top of compensation and can include extended medical insurance, paid time off, profit sharing, learning and development strategies, retirement benefits, and more. Transaction a. CD d. A vocational school is usually paid for by the employer. She has a credit score of 790. c. She should contact the police about possible theft. the profitable sale of shares. (Blank) are debt certificates that are purchased by an investor. Shares are traded. e. proof of address, a. identification card a. direct deposit of a paycheck d. Fido's decision is not sensible because it does not matter if he buys the car now or in a few months. $21.00 d. EFT from a different bank into the account b. FDA Will her sister like the jacket too? a. where a property is located. Treasury notes It will be harder to buy a house because it affects your credit history. a. a. progressive taxes. Which of these is an advantage of checking accounts? getting large amounts of money to use immediately, getting large amounts of money to use immediately. An index measures market performance. b. expense a low interest rate. can change. the success of individual companies. a. tuition She should research the cost of living of different locations to compare against the offered salaries. a. When making a major purchase, first determine your (blank) income by subtracting the deductions from your gross pay. c. life-enrichment director and event planner at a retirement home All of the loans were subsidized. credit card, What is the compound interest on a three-year, $100.00 loan at a 10 percent annual interest rate? c. includes interest rate information to pay interest if he does not pay in full by a certain date, Quincy listed information from his credit report. Which statement is true about her method of payment? a. could change. c. $60 How much more in interest will Zoe end up paying for her loan because of her bankruptcy? 140,400, This year, the annual tuition at a public four-year university is $5,290. What will help Ins to make an informed decision? Defines the benefits that the employee will receive at the time of retirement. Page Last Reviewed or Updated: 05-Aug-2022, Request for Taxpayer Identification Number (TIN) and Certification, Employers engaged in a trade or business who pay compensation, Electronic Federal Tax Payment System (EFTPS), Publication 15-B, Employers' Tax Guide to Fringe Benefits, Office of Workers' Compensation Programs (OWCP), Energy Employees Occupational Illness Compensation Program, Longshore and Harbor Workers' Compensation Program, Health Benefits Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), Treasury Inspector General for Tax Administration. Which is a possible benefit of having a good credit history? Which will most likely help her get the lowest interest rate? f. money to deposit, a. identification The FAFSA can help students obtain (blank 3), 1. financial aid eligibility They have a history of not making their payments on time. c. Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans. d. Ensuring your department has all the benefits required by law can help improve your legal compliance and improve employee productivity. d. automatic withdrawal. Which results are more likely for someone without personal finance skills? b. income Which describes a set amount of pay received by a worker over the course of a year? $441 b. tipping. Compound interest is based on the entire principal, not just a percentage of the principal. All investments involve major risks. e. Can I pay at least the minimum payment each month? $7,353.80 10,000, How can thieves steal an identity? a. Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower. II and III a. d. She should take the position that offers the largest salary. e. Factory reproduction manager: check that products meet specifications. c. Aircraft inspector: inspect, plan, and oversee repairs on aircraft; may also need to design parts as repair methods that meet standards. a. d. It shows that the owner is willing to budget for short-term financial risks to avoid long-term risks. c. used cars can have lower initial cost Kendrick is planning to buy a house. Emily is deciding whether to buy the same designer jacket her friends have. d. vocational training throughout career. How much more will Viola's monthly payment be if the loan is unsubsidized than if the loan is subsidized? It creates a base for happiness and satisfaction of the workforce that limits the labor turnover and confers a stable organization. to have the full amount available in his bank account right away right to dignity. a. training to prepare for a career Check all that apply. b. They are payable for more than 12 months. 333,135,504 A) It is enforced by the Centers for Disease Control and Prevention. Debit. c. How much will the bike cost when adding the finance charges to the price? d. $35.05 She should take the position that has the lowest cost of living. In general, the amount the employer must include is the amount by which the fair market value of the benefits is more than the sum of what the employee paid for it plus any amount that the law excludes. the person's social security number Which step in the decision process should Marlene take? The loan term is four years, and her payments are $819.20 per month. country of origin. c. the right to choose and the right to safety Which of the following options could help you resolve the issue? b. Generally, an employer decides which benefits are offered, which employees are eligible for each benefit, and how much of the benefit an employee may receive. An investor makes money by issuing bonds. The 25% discount is better; it saves $12.50 more. If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 more than paying cash for the laptop. Which is a possible benefit of having a good credit history? credit card with a $4,000 limit The level of investment in markets often indicates Reg has just purchased a new car. Kenya used a debit card to buy a pair of jeans. -career locations and environments. If Claudius started paying off the loan when he graduated, what is his monthly payment? c. a. When people take out a mortgage, they must pay back the money The loan has an interest rate of 5.6%, compounded monthly. d. Employee benefits are nonsalary compensation granted by an employer. 2. financial information Youre considered the provider of a fringe benefit even if a third party, such as your client or customer, provides the benefit to your employee for services the employee performs for you. corporate bonds c. how much has been withheld for taxes 5,040 a. vocational schools to determine the customer's job title Maria took out an unsubsidized Stafford loan of $6,925 to pay for college. a. when the consumer has a lot of space to store bulk items d. $6,720, Georgia's gross pay was $35,600 this year. a. how much has been earned Credit cards are secured loans for large amounts, while personal loans are unsecured for small purchases. 9,000 plan to rent out their homes. b. a. identification Amanda wants to buy a new car. c. HUD III and IV are governmental; I and II are not. an inquiry from a bank that requested the person's credit report title loan Which is the better choice, and what is the extra amount saved? c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck. c. Jenika has the cashier run her debit card as a credit purchase, rather than debit, to avoid having to enter her PIN. 156,000 c. bank. Which statement best describes the lesson we can learn from Lupe's experience? d. Identify the choices. b. federal income tax c. entertainment $2,500 A grant is aid given to a student by an institution, often based on academic success. Rupert has a negative credit history.Which compares their credit limits and likely interest rates? $247.44 assets 158,184 b. a savings and loan The career is growing and will provide more opportunities over time. 1,000 I & II only the stamp collection, the bank account, and the skateboard, the stamp collection, the bank account, and the skateboard, A 7 character computer password is made up of 4 letters followed by 3 numbers. A borrower with bad credit is likely to be charged Credit cards offer lump sums of money, while personal loans set a maximum amount a person can borrow. b. Borrowers choosing an adjustable-rate mortgage What should Daniel do next? a. mailing a check high interest rate. b. debit of $10 Shred all mail with personal information before discarding it. A password is 4 characters long and must consist of 3 letters and 1 of 10 special characters. d. birth certificate d. c) Premiums are not deductible to the business. Has she compared prices? The loan has a duration of ten years. If Shona only has $40 to spend, which store will she purchase the rug from, and how much will she have left over? d. e. proof of her address the right to be heard and the right to choose Of the four consumer protection groups listed below, identify which groups are government agencies and which are non-governmental. b. checking account $461 a. Is advertising influencing her? b. $639, Yasmine plans to attend a four-year public university. d. b. to determine how much she needs to earn $12,000, A password is 4 characters long and must consist of 3 letters and one number. b. a certificate of deposit II. c. a commercial bank c. Ignore the fee because it is relatively small. c. She should use the US Bureau of Labor Statistics website since it will cover a wide range of information about the careers around the United States. $45.94 agree to accept no risk when borrowing money. to pay interest if he does not pay in full by a certain date, to receive a bill at a later date Consumers Union They are usually given a low interest rate. Which financial problems might cause a person to be considered a bad risk for a loan to purchase a home? a. a. b. a. d. Tuition is the price of attending classes at a school. Check all that apply. Employers may offer a diverse range of other employee benefits including: unlimited holiday; paid or part-paid conference attendance; Christmas parties; concierge services; relaxation apps; free or subsidised staff canteens; and a nap room. Freya realizes she does not have enough in her bank account to use the debit card. $3,739.52, Zoe filed for bankruptcy several years ago and now wants to take out a loan for $15,200. B) It is enforced by the Center for Medicare and Medicaid Services. What is the difference in the finance charges for the two choices? There is never a sure way to predict the likelihood of success. a. III. b. c. money to start the account c. previous address, current address, schools attended, bankruptcy an inquiry from a bank that requested the person's credit report. d. Building equity in a home is a good thing because c. How much will the bike cost when adding the finance charges to the price? Compound interest pays at least double the interest on the principal during each month. c. Treasury bills The issuer could go bankrupt. b. d. maintenance, Which is a kind of federal payroll tax? Once stocks are on the market, which best explains how their prices are set? b. amount budgeted asking nicely c. submitting an online payment His friend Mateo is choosing a career that requires a college degree but has a median salary of $55,000. c. d. Review the pros and cons of the different available computers. Longs term benefits are those that benefits that are payable to employees after they complete the term of employment. b. Check all that apply. $238.46 c. Which best describes what generally occurs in financial markets? However, the cost of health insurance benefits must be included in the wages of S corporation employees who own more than two percent of the S corporation (two percentshareholders). As Ruth Ann is researching careers, she decides she enjoys living in her hometown and doesn't want to relocate. Checking accounts prevent the customer from having overdraft fees. The car may be driven as much as needed. A scholarship must be paid back, but a student loan is not paid back. b. Most firms have the same benefits for both categories of employees, regardless of the law. Which questions should she consider before she buys the jacket? d. d. hourly wage. A pet groomer gave 9 baths, 15 nail trims, 8 brush-outs, and 5ear cleanings.For every 5nail trims, the groomer gave 3. Which of the following should Tyler expect? In personal finance, what is considered a need? Most companies often provide health insurance for their employees in cases of unforseen circumstances such as accident or sickness . $200,000 loan for a home, What is easy-access credit? Life insurance. d. Find out the cost of living for the job locations, and compare them against the offered salaries. Yes, the world's stock markets are coordinated exchanges, and they are dependent on one another. Jessica is high risk but will not pay her outstanding balances on time. Most students are young enough not to have much of a credit score or credit history, so a second party such as a parent or guardian can establish security of payment. In a defined benefit plan, a formula is used that. c. Rupert's credit limit is most likely higher than Tamera's, and his interest rate is most likely lower. b. d. error. It shows that the owner expects financial risk and is eliminating it by making an insurance company liable. d. the person's education level, an unpaid utility bill that has been given to a collection agency He will be able to get a higher interest rate when buying the house. Why do prices increase when demand for a product is high? a. $569.00 d. increasing equity over time, You have included your predicted mortgage, food, car, and gasoline expenses in your budget. An investor makes money by raising capital. date of birth a. getting a high interest rate on a credit card offer When studying finance or economics, the cost of a decision is also known as a(n). Byron has calculated that he paid an average of $79.15 per month in additional charges as a result of his bankruptcy. b. Tamera's credit limit is most likely lower than Rupert's, and her interest rate is most likely higher. The annual percentage rate on the credit card is 12%. $842.25 Carry all your passwords in your wallet or purse. She is to pay a federal income tax of 16%. A grant is money awarded to a student, usually based on financial need. long service leave) and termination benefits. the economy, market performance IAS 19 Employee Benefits (amended 2011) outlines the accounting requirements for employee benefits, including short-term benefits (e.g. a. Fringe benefits are generally included in an employee's gross income (there are some exceptions). Which careers would Jared enjoy? b. Alan's lifetime income includes his salary and retirement benefits. 3,600 An investor makes money by being repaid for the principal. Lydell reads and signs the privacy policy at his doctor's office that says they only share information with pharmaceutical companies. If an employer pays the cost of an accident or health insurance plan for his/her employees (including an employee's spouse and dependents), then the employer's payments are not wages and are not subject to social security, Medicare, and FUTA taxes, or federal income tax withholding. $1529.70 Which statement best describes benefits for full-time versus part-time employees in Canada? They last for a set period of time. c. Pay more than the minimum amount that is due. b. federal loans are obtained by banks, while private loans are backed by the government. d. Rupert's credit limit is most likely lower than Tamera's, and his interest rate is most likely lower. the stability of a currency. $1,926.97 e. can be broken at any time, a. requires a credit check If letters cannot be repeated and the password must end with a number, how many possibilities are there? fail to pay their bills on time. a. She must be sure there is at least $135 in her bank account for the purchase. The loan had a duration of ten years and an interest rate of 5.0%, compounded monthly. She budgets for $1,000 in fixed expenses and $400 in variable expenses. b. credit scores increase as equity increases. d. medicare tax, If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is fail to use different types of credit. c. Jonah decides to pay his bill by telephone because he wants to protect his account information. She will have $1.84 left over. Compound interest is paid by the week or by the month, not only once during a year. d. Check her records against her bank statement. Simon bought a computer and made monthly payments. c. If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $50.40 less than paying cash for the laptop. a. b. are always less expensive than using a credit card Which explains why Jacob might examine his credit report? d. $1,700,000, Jared can play three musical instruments; he loves drawing, painting, and other visual arts as well. Do I need this car or should I use my old car a little longer? $6 Companies and their departments require a certain amount of employee benefits to comply with the law. d. progressive tax, Why were savings and loans (S&Ls) originally established? right to safety What does purchasing insurance for a business reveal about the business owner's attitude toward financial risk? -career outlook. Check all that apply. d. $6.90. The FAFSA is a form that must be completed to determine college admission (blank 1) How is a student loan different from a scholarship? d. Yuri must check his credit card balance. number, special character, letter, letter, number c. local taxes. Each paycheck is the exact same regardless of number of hours worked. c. She must check to see if any automatic payments are scheduled for her account. c. her Social Security number b. when costs rise too quickly due to demand the person's yearly income Commodities are traded. Research only the company offering the highest salary.

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