Cards in this guide (23)
What is the best definition of a regressive tax system
A tax system that puts a greater burden on low-income people
than on high-income people
What is the definition of a shared tax
A tax the state creates and collects.
Which of these healthcare plans allows a person to receive services from any hospital in the country
What type of tax is paid on money property and other valuables left by a person who has died
Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies
decreasing term insurance...
How much money is taken in federal taxes for every thousand you make
Your employer would be able to give you the percentage amount
that would be withheld from your pay for the total of all taxes on
the 1000 amount.
Social security, medicare, federal income taxes, state income
taxes, local income taxes, etc.
Which type of insurance offers benefits to help with living expenses when a person is unable to work during illness or from an accident
Which of these is an element of limited payment life insurance
this life insurance policy has premium payment for a set number
Which of these is true of an annuity
there are two types of annuities including fixed and
Which of these is the best definition of an allowance as it relates to taxes
A specific amount of money set aside for a certain reason. Like saving up for college.
A special circumstance that permits reductions in your federal tax bill
The same as an employee's salary
The amount of your income for which no taxes need to be paid.
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.
Which type of insurance will pay for the loss of the insured's leg or arm
Accidental Death or Dismemberment
did you know people eat toilet paper in prison so they wont
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.
Is this statement true premiums for term life insurance decrease as people get older
Who has the ability to ensure a last will and testament is followed as it is written
What best describes the person who oversees the reading of your will and ensures your last wishes are followed
What type of retirement account was established by the Taxpayer Relief Act of 1997
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
What is a number issued by the government through the Social Security department
What statement is true of preferred provider organizations PPOs
They offer lower co-payments but give more flexibility when
selecting a healthcare provider
What terms best describes a legal document that explains an individual's wishes to be carried out after their death
The purpose of which act was to provide old-age benefits and unemployment compensation for Americans
Which of the following describes the elements of a health maintenance organization (HMO)
It offers lower co-payments and covers the costs of more preventative care, but your choice of healthcare providers is limited.