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Retirement Planning

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Ethel Nitzsche

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4y ago
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Cards in this guide (15)
What are the steps necessary to reconcile a bank statement

ending balance + outstanding deposits - outstanding check = balance

What is an important reason for knowing the approximate difference between your gross pay and your net pay

Knowing the difference will allow you to develop a realistic budget based upon your take-home pay.

Who was the first person to get a social security number

The first person to receive a social security number is actually unknown. See Related Links.

Which of these is the best description of a grant

it is a direct payment from the state to local government.:)

Sonya wants to know how much her annual take-home pay will be after she pays FICA taxes totaling 7.65 percent on an annual salary of 36590

Her annual take-home pay will be 33790.87.

Does a higher education necessarily mean that you will get paid more money

No

Which of these can occur when a person owes more money than he or she can earn or pay to creditors

Bankruptcy.

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

Paula prepared the following budget how much discretionary income does Paula have each month

4

What should be an important part of planning your future

retirement planning A+ ;)

In a Traditional IRA when does a person pay taxes on the money in the account

Taxes do not become due until money is spent from the account (withdrawn)

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.

What of these describes expenses

the amount of money you have spent

Which of these is an example of a variable expense

Utilities

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