answersLogoWhite

0

Retirement Planning

User Avatar

Dell Herzog

Lvl 10
2y ago
No Reviews
Leave the first rating

Rate this Study Guide:

Cards in this guide (17)
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

Is a good representation of what a typical worker in a particular group might make

8,000-10,000 a+ls users only

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

4

At what level are people considered to be low-income

You are considered low income if you make more than the poverty level, but less than 150% of the poverty level. This also depends on where you live, and how many dependents you have.

For a family of four in the United States in 2014, the poverty line is $23,850. If your household income is more than that, but less than $35,775, you are considered low income.

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Taxes do not become due until money is spent from the account (withdrawn)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

Related study guides

What are the steps necessary to reconcile a bank statement

Which of these forms lists how much was paid in state and local taxes

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

Who was the first person to get a social security number

➡️
See all cards
No Reviews

What are the steps necessary to reconcile a bank statement

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

Who was the first person to get a social security number

Which of these is the best description of a grant

➡️
See all cards
No Reviews

What are the steps necessary to reconcile a bank statement

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

Who was the first person to get a social security number

Which of these is the best description of a grant

➡️
See all cards
No Reviews

What is net pay

Which of these is the best description of a standard of living

Which term represents budget items that change in value from month to month

Which of these is the best description of fixed expenses

➡️
See all cards
No Reviews

Is a soccer players job typically full-time part-time seasonal or contract

Which of these is the best description of an expense budget

Who was the first person to get a social security number

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

➡️
See all cards
No Reviews