d. Evaluate alternatives. c. Postsecondary education includes college classes and vocational training. c. money to start the account d. Review the pros and cons of the different available computers. A vocational school degree takes one year to earn. 6,500,000 4,500 a. agree to accept no risk when borrowing money. b. making sure a paycheck arrives on time $569.00 Youre the provider of a fringe benefit if it is provided for services performed for you. d. comparing the cost of housing alternatives. $91,700 b. payroll taxes. often pay a lower interest rate during the first few years. II and III are governmental; I and IV are not. c. Scholarships are awards that do not have to be repaid, but students must pay back any federal grants they receive. $16 c. Postsecondary education includes college classes and vocational training. Other long-term employee benefits b. a. b. Which explains why he should establish a positive credit history before buying the house? Which of the following options could help you resolve the issue? Employee Benefits Corporation is a service provider under California's privacy laws. What should she consider in this process? a. the person's social security number To revise a monthly budget, changes in which categories might need to be addressed? c. obtaining a savings account a. What is the first action Lupe should take when she discovers a difference between her records and the bank's records? They both receive capital to use for growth. c. Darren is looking for an investment that has a very high interest rate. They have a history of not making their payments on time. $460 a. Joaquin should put the money in savings because retirement is expensive and he should have every penny he can. c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck. 730,080 I and II A (blank) is a plan in which an individual balances available resources and expenses. c. There are mileage restrictions on the car. e. proof of her address A credit score is based in part on She should research the average salary of similar positions to see if the offers are fair. The loan has an interest rate of 5.6%, compounded monthly. d. vocational training throughout career Allison removes one check to pay her electric bill and then locks her checkbook in the car when she goes in to pay it. She must be sure there is at least $135 in her bank account for the purchase. d. They are available to any student who meets lending standards, regardless of financial need. war bonds, corporate bonds b. f. Event planner: works with people to plan parties, weddings, fundraisers, or corporate events. An investor makes money by being repaid for the principal. Each loan had a principal of $5,500, an interest rate of 7.5% compounded monthly, and a duration of ten years. Fringe benefits include cars and flights on aircraft that the employer provides, free or discounted commercial flights, vacations, discounts on property or services, memberships in country clubs or other social clubs, and tickets to entertainment or sporting events. She wants to be sure that she is earning interest on her money and can add to her savings. A scholarship must be paid back, but a student loan is not paid back. $144.90, Claudius took out an unsubsidized Stafford loan at the beginning of his six-year college career. place of birth, Koshi creates a password as follows: medical and dental coverage. b. How much does Tyrell pay in additional interest each month? b. a. private loans carry a higher interest rate than federal loans. $1529.70 Which is a possible benefit of having a good credit history? HUD Which would be most helpful when considering a large expenditure that might require repeating payments? b. Julio is correct because he can pay $45,000 and have no more liabilities. corporate bonds a. b. $654.45 a. c. Joaquin should take the class because a promotion will mean a larger salary over the long term compared to a single cash advantage. Balance Prices follow economic trends. d. proof that she is a student b. Compound interest is paid by the week or by the month, not only once during a year. The rebate is better; it saves $75 more. The annual percentage rate on the credit card is 12%. $354.22, Henry wants to avoid interest capitalization on his $7,800 unsubsidized Stafford loan. it is too expensive. b. mother's maiden name The auditor provides services to employee benefit plans sponsored by governmental entities. b. d. a car to be used for transportation to and from work, Which payment option provides consistency in on-time bill payment? b. Which savings plan will help Yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings? e. proof of address, a. identification card b. His friend Mateo is choosing a career that requires a college degree but has a median salary of $55,000. a. d. c. her Social Security number c. a. budget In a mortgage, the amount of money borrowed is called the (blank). What is the approximate minimum amount Jarrod should save monthly? Which career choices might he enjoy? b. municipal bonds a. the right to choose and the right to safety II. c. c. Jonah decides to pay his bill by telephone because he wants to protect his account information. Which statement best defines tuition? a. when the consumer has a lot of space to store bulk items d. private loans are only available to parents, while federal loans may be issued to the student. DOL c. Shondra should be sure she will have enough in her account to be able to make the monthly payments. c. b. car payments must become part of the budget. Which educational institutions typically cost the most to attend? f. Will I be able to make the payments and avoid late fees? 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. Alan's lifetime income is his employee benefits, like health insurance. d. Companies know they can stop production and still make money on sales. In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity theft? All of the loans were subsidized. b. Shondra should check her credit history to be sure she has a good credit score. The career is growing and will provide more opportunities over time. II. a. mailing a check Fringe benefits are generally included in an employee's gross income (there are some exceptions). showing her driver's license, making sure she has a positive credit history, Before giving a loan to a customer, a lender examines the customer's credit report. finances, In which column on a check register should the total current amount in the account be entered? She should research the benefits included in each offer. a. training to prepare for a career One way to revise a budget to meet long-term goals is to (blank) discretionary spending. Since Zoe has a past bankruptcy, she will end up paying a higher interest rate. Select three options. There is never a sure way to predict the likelihood of success. superior prospects for short-term gains. a. could change. 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. 3,600 3. scholarships and grants. d. d. A vocational school is usually paid for by the employer. c. Shred all mail with personal information before discarding it. assets d. money market account, Lupe is ready to open a checking account. Tuition is aid given to a student by an institution. fail to pay their bills on time. c. salary b. e. paying a credit card balance in full each month, b. making late payments d. Retaining Employees. Many people prefer a fixed-rate mortgage because it b. to determine the customer's income 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? $4,547.02 b. Most jurisdictions do not legally require firms to have the same benefits for full-time and part-time employees. is predictable. The 25% discount is better; it saves $12.50 more. to receive a bill at a later date falling into debt if faced with a serious problem only goes up. d. c. b. c. d. Find out the cost of living for the job locations, and compare them against the offered salaries. country of origin. address d. corporate taxes. c. Joaquin should take the class because a promotion will mean a larger salary over the long term compared to a single cash advantage. a. Making a decision. Keisha owns a house worth $275,000 with a mortgage of $195,000. Round all dollar values to the nearest cent. b. Select three options. d. decreases annually. c. property tax Which results are more likely for someone without personal finance skills? A high-risk investment is characterized by a. requires a credit check Yuri wants to pay for his new chair using a check. a high interest rate. c. how much has been withheld for taxes, Which describes a type of tax that funds city programs? b. e. Should I talk to a consumer credit counseling service? C) This Act was passed as part of HIPAA. Which explains why the lender examines the customer's credit report? b. Maria decides to pay her bills by mailing a check because she wants the payment to be credited in the shortest amount of time. b. Check all that apply. b. Fido's decision is sensible because the cost of the car loan should be less if his credit history improves. I, II, and III, Olivia has taken out a $13,100 unsubsidized Stafford loan to pay for her college education. The statement describes employee benefits is, Compensation employees receive from employer over and above. a. Someone buys a new home with a mortgage from a bank. c. benefit. 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. Disability insurance. 780,000 He has a stamp collection worth $1,250 and he has $300 in a bank account. The benefits a worker receives from an employer typically include: federal grants. Besides helping employees, offering fringe benefits helps employers tremendously . Most firms have the same benefits for both categories of employees, regardless of the law. c. Round all dollar values to the nearest cent. They are usually given a low interest rate. d. car payments are likely to exceed available income. Which explains why Jacob might examine his credit report? Moreover, cooperation among employees is better in a harmonious work environment. 175,760 c. salary She should take the position that has the lowest cost of living. Emma lives on a tight budget. Personal loans offer lump sums of money, while credit cards set a maximum amount a person can borrow. employment and race. Which statement is true? On-the-job training is usually paid for by the worker. In addition to federal income tax, many people also pay b. Alan's lifetime income includes his salary and retirement benefits. There are exemptions that allow you to keep essentials. e. Factory reproduction manager: check that products meet specifications. Which of these is a characteristic of certificates of deposit (CDs)? a. c. Rupert's credit limit is most likely higher than Tamera's, and his interest rate is most likely lower. Which statements describe Emma's financial skills? $3.00 One reason a student may seek a federal student loan instead of a private student loan is that Roderigo will allow interest capitalization. home loan 358,800,000 b. a certificate of deposit Has she compared prices? d. Yes, the New York Stock Exchange is the principal exchange for the nations of the world. b. f. early retirement, a. post-secondary education She should research the cost of living of different locations to compare against the offered salaries. only goes down. The benefits are subject to income tax withholding and employment taxes. Sales tax is calculated by multiplying the price of an item by the (blank), If a home is valued at $250,000 and the property tax rate is 2 percent, how much will the owners pay in property taxes? 6,760,000. 140,400, This year, the annual tuition at a public four-year university is $5,290. d. b. car payments must become part of the budget. e. Research only the company that is closest to where she lives. b. headphones for $29.99 and a portable speaker set for $30.95 Jenika has the cashier run her debit card as a credit purchase, rather than debit, to avoid having to enter her PIN. $2,200 B. 9,000 Borrowers taking a balloon payment mortgage most likely Check all that apply. $721.93 Credit cards offer lump sums of money, while personal loans set a maximum amount a person can borrow. when they are able. a. d. She must check her credit history. IAS 19 was further amended in 1993 and renamed as IAS 19 Retirement Benefit Costs. c. the career's outlook Jerome likes to take stuff apart and then rebuild it. d. hourly wage. d. an amount of time during which a loan can be repaid without interest, b. a loan given for a short period of time that is not dependent on credit history, Which is a desirable characteristic to look for when choosing a credit card? b. the right to be heard and the right to redress Check all that apply. d. Should I talk to a consumer credit counseling service? $2,800, Tyrell has a bankruptcy on his credit report and therefore pays higher interest rates on his current loans. c. the person's education level, an unpaid utility bill that has been given to a collection agency Jessica is high risk but will not pay her outstanding balances on time. a. medicare tax She saves money and also makes intelligent choices when spending it. Building equity in a home is a good thing because c. 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