The average for Americans who work a full time job has shifted
slightly since 2002 when the average work hours hovered around
1836. In the years since the average of a US worker has dipped and
rose several times and as of 2012 hovers around 1790 actual work
hours a year per worker.
🔄 Click to see term
Term1/21
How many hours do you spend at work in a year
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Definition1/21
The average full-time working American works roughly 40 hours
per week. This averages to be 2,080 hours per year. Part- time
workers usually work 20 hours per week, which calculates to 1040
hours per year.
🔄 Click to see term
Term1/21
Which of these is the best description of a mill levy
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Definition1/21
An example of a mill levy would be that it represents the tax
dollars for each $1,000 of the value of a property.
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Term1/21
Which of these statements describes the elements of a traditional fee-for-service health insurance plan
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Definition1/21
It is usually the most expensive healthcare choice but offers
the most flexibility.
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Term1/21
Which of these is the best description of cash surrender value
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Definition1/21
the insurance company pays the insured the cash value that has
accumulated in the policy.............
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Term1/21
Does a higher education necessarily mean that you will get paid more money
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Definition1/21
No
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Term1/21
What is used to reconcile a bank statement
🔄 Click to see definition
Definition1/21
Ending Balance: $676.23
Outstanding Deposits: $356.71
Outstanding Checks: $321.15
711.79
🔄 Click to see term
Term1/21
Which of these employees are eligible for overtime and holiday pay
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Definition1/21
hourly employees
🔄 Click to see term
Term1/21
What best describes the person who oversees the reading of your will and ensures your last wishes are followed
🔄 Click to see definition
Definition1/21
executor
🔄 Click to see term
Term1/21
Which of these does not describe a total consumption budget
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Definition1/21
it is designed to reach short-term goals
🔄 Click to see term
Term1/21
What does not belong in the miscellaneous category
🔄 Click to see definition
Definition1/21
Questions that can be categorized belong in the closest category
for that subject. Other questions are harder to categorize and are
in Miscellaneous until they are assigned a category.
🔄 Click to see term
Term1/21
What is the maximum contribution an employer may make to an individuals 401 k on an annual basis
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Definition1/21
49000
🔄 Click to see term
Term1/21
Which type of insurance contract requires a lump-sum or periodic payment in exchange for receiving periodic payments from the insurance company
🔄 Click to see definition
Definition1/21
Whole Life, Universal Life, as well as Annuities can be used for
this purpose.
🔄 Click to see term
Term1/21
Is a good representation of what a typical worker in a particular group might make
🔄 Click to see definition
Definition1/21
8,000-10,000 a+ls users only
🔄 Click to see term
Term1/21
What is a number issued by the government through the Social Security department
🔄 Click to see definition
Definition1/21
Social security number
🔄 Click to see term
Term1/21
At What age can Americans begin receiving Social Security benefits
🔄 Click to see definition
Definition1/21
62
🔄 Click to see term
Term1/21
At what age can a person no longer contribute to a traditional IRA
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Definition1/21
[70] million years old
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Term1/21
At what age can a person withdraw funds from their traditional IRA without a penalty
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Definition1/21
62 1/2
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Term1/21
In which of the following are individuals guaranteed by an insurance company to earn a minimum interest rate on their investment
🔄 Click to see definition
Definition1/21
fixed annuity
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Term1/21
When This is the monthly budget for the reed family. What percentage of expenses is spent on utilities
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Definition1/21
Divide the utility expense by the monthly budget. Multiply the
result by 100.
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Term1/21
V O I D
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Definition1/21
V O I D
🔄 Click to see term
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Cards in this guide (21)
How many days do americans work in a year
The average for Americans who work a full time job has shifted
slightly since 2002 when the average work hours hovered around
1836. In the years since the average of a US worker has dipped and
rose several times and as of 2012 hovers around 1790 actual work
hours a year per worker.
How many hours do you spend at work in a year
The average full-time working American works roughly 40 hours
per week. This averages to be 2,080 hours per year. Part- time
workers usually work 20 hours per week, which calculates to 1040
hours per year.
Which of these is the best description of a mill levy
An example of a mill levy would be that it represents the tax
dollars for each $1,000 of the value of a property.
Which of these statements describes the elements of a traditional fee-for-service health insurance plan
It is usually the most expensive healthcare choice but offers
the most flexibility.
Which of these is the best description of cash surrender value
the insurance company pays the insured the cash value that has
accumulated in the policy.............
Does a higher education necessarily mean that you will get paid more money
No
What is used to reconcile a bank statement
Ending Balance: $676.23
Outstanding Deposits: $356.71
Outstanding Checks: $321.15
711.79
Which of these employees are eligible for overtime and holiday pay
hourly employees
What best describes the person who oversees the reading of your will and ensures your last wishes are followed
executor
Which of these does not describe a total consumption budget
it is designed to reach short-term goals
What does not belong in the miscellaneous category
Questions that can be categorized belong in the closest category
for that subject. Other questions are harder to categorize and are
in Miscellaneous until they are assigned a category.
What is the maximum contribution an employer may make to an individuals 401 k on an annual basis
49000
Which type of insurance contract requires a lump-sum or periodic payment in exchange for receiving periodic payments from the insurance company
Whole Life, Universal Life, as well as Annuities can be used for
this purpose.
Is a good representation of what a typical worker in a particular group might make
8,000-10,000 a+ls users only
What is a number issued by the government through the Social Security department
Social security number
At What age can Americans begin receiving Social Security benefits
62
At what age can a person no longer contribute to a traditional IRA
[70] million years old
At what age can a person withdraw funds from their traditional IRA without a penalty
62 1/2
In which of the following are individuals guaranteed by an insurance company to earn a minimum interest rate on their investment
fixed annuity
When This is the monthly budget for the reed family. What percentage of expenses is spent on utilities
Divide the utility expense by the monthly budget. Multiply the
result by 100.
Which term represents budget items that change in value from month to month
Which of these is the best description of a grant
Which tax withholding is required by the federal government
The Social Security tax is 6 2 percent and the Medicare tax is 1 45 percent of your annual income How much would you pay per year to FICA if your annual earnings were 47000