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Business Accounting and Bookkeeping

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Viva Schroeder

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Cards in this guide (19)
What type of tax is usually paid to the county treasurer

property

The printing of currency in the US responsibility of

Federal Reserve System

This is Paula's monthly budget What percent of her expenses is spent on insurance

20Given Paula's monthly budget, the percentage of expenses spent on insurance can be determined by subtracting all the other expenses from the monthly budget, which leaves you with the anoint spent on insurance.

Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59

463.72

The total current that flows through a circuit is the same as the current that flows through each individual resistor connected in series

True

What is the equivalent resistance through the entire circuit

30 ohms

Sherry had an ending balance of 125.36 outstanding deposits of 153.53 and outstanding checks of 100.19 What was her checkbook balance

178.70

Which of these statements is true about the middle coloines

They had a large variety of farm products

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

Bankruptcy.

Which type of tax is calculated on a per-item basis

An excise tax or sales tax is calculated on a per-item basis

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

What is a number issued by the government through the Social Security department

Social security number

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

4

What is one of the following annuities can individuals choose to invest purchase payments from a range of investment options which are typically mutual funds

variable annuity

This is the Reed family budget. How much discretionary income does the family have each month

474

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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