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☆☆☆☆☆Cards in this guide (19)
Which term represents budget items that change in value from month to month
variable expenses
Which of these is the best description of fixed expenses
the budget items that do not vary from month to month.
Which of these is the best description of a grant
it is a direct payment from the state to local government.:)
Which tax withholding is required by the federal government
SOcial Security Tax:D
Does a higher education necessarily mean that you will get paid more money
No
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
47000 times 7.65 % the amount of FICA would be 3595.50.
What groups can the federal government not place taxes on
The federal government does not tax state and local governments and tax-exempt organizations such as churches and charities.
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 can occur when a person owes more money than he or she can earn or pay to creditors
Bankruptcy.
What type of account contains contributions made with after-tax dollars
roth 40
Which type of tax is collected by a mediating agent and then forwarded to the government
indirect tax
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 withdraw funds from their traditional IRA without a penalty
62 1/2
What following accounts are only offered by employers to their employees
401(k) A+
If you have a total consumption budget what should you do to ensure you have enough money saved for emergencies and meeting long-term goals
Review your budget and make adjustments so that you can add savings and miscellaneous categories to the budget.
Veronica earns an annual poay of 30572 plus commission. she receives a 5 commission on sales of 3675. what is her gross annual pay
$30,572 + (0.05 x $3675) = $30,572 + $183.75 = $20,755.75
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