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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

fee-for-service

What type of tax is paid on money property and other valuables left by a person who has died

estate tax

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

disability insurance.....

Which of these is an element of limited payment life insurance

this life insurance policy has premium payment for a set number or years....

Which of these is true of an annuity

there are two types of annuities including fixed and variable

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 starve..........

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

no

Who has the ability to ensure a last will and testament is followed as it is written

A judge

What best describes the person who oversees the reading of your will and ensures your last wishes are followed

executor

What type of retirement account was established by the Taxpayer Relief Act of 1997

roth ira

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 this purpose.

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

Social security number

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

A will.

The purpose of which act was to provide old-age benefits and unemployment compensation for Americans

Social Security Act

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.

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Which of these healthcare plans allows a person to receive services from any hospital in the country

Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

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29 cards

What does HMO stand for

Managers for which type of job use a percentage to figure the wages of an employee

What college majors don't require math

Managers for which type of employees use the amount of work completed to calculate the wages of an employee

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Salary and Pay Rates

28 cards

Managers for which type of job use a percentage to figure the wages of an employee

Which of these healthcare plans allows a person to receive services from any hospital in the country

Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

Which of these is the best description of a total compensation plan

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Salary and Pay Rates

32 cards

Managers for which type of job use a percentage to figure the wages of an employee

Which of these healthcare plans allows a person to receive services from any hospital in the country

Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

Which of these is the best description of a total compensation plan

➑️
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Salary and Pay Rates

27 cards

Managers for which type of job use a percentage to figure the wages of an employee

Which of these healthcare plans allows a person to receive services from any hospital in the country

Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

Which of these is the best description of a total compensation plan

➑️
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