She should research the average salary of similar positions to see if the offers are fair. b. By the end of the month, Simon had no money left for groceries. b. Shona can afford the rug in store B. to determine which company has the best credit card features right to dignity. b. Life insurance. All of the loans were subsidized. Debt and loans are traded. An index measures economic trends. The FAFSA can help students obtain (blank 3), 1. financial aid eligibility c. when bulk items are not on sale anymore 8,100. the hourly pay rate. Byron has calculated that he paid an average of $79.15 per month in additional charges as a result of his bankruptcy. a. Evaluate the expression 10a - 2b when The plans are simple and easy to construct. b. $292,700 The benefits a worker receives from an employer typically include: federal grants. Check all that apply. Youre considered the provider of a fringe benefit even if a third party, such as your client or customer, provides the benefit to your employee for services the employee performs for you. d. vocational training throughout career 730,080 d. Fido's decision is not sensible because it does not matter if he buys the car now or in a few months. f. early retirement, a. post-secondary education Which educational institutions typically cost the most to attend? a. d. a. Yuri must check his credit history. I and II Each paycheck is the exact same regardless of number of hours worked. a. job training after high school Companies know they can make more money by selling fewer products at higher prices. Enjoli enjoys science and foreign language classes. a. the ability to make a profit from owning stock. What does she need to have when she goes to the bank? Which are common types of bonds that are currently issued? When making a decision about housing, the first step should be A vocational school degree takes weeks or months to earn. b. Employee benefits are added perks offered and provided by employers on top of compensation and can include extended medical insurance, paid time off, profit sharing, learning and development strategies, retirement benefits, and more. An official website of the United States Government. A monthly fixed rate mortgage payment d. In determining whether to issue a loan, banks are not allowed to ask about an applicant's medical and dental coverage. b. sales tax c. She should contact the police about possible theft. d. property taxes decrease as equity increases. c. Aircraft inspector: inspect, plan, and oversee repairs on aircraft; may also need to design parts as repair methods that meet standards. She should research the benefits included in each offer. In some cases, it is safe to avoid insurance because She saves money and also makes intelligent choices when spending it. the bank account only b. Maria took out an unsubsidized Stafford loan of $6,925 to pay for college. c. Shred all mail with personal information before discarding it. Social security and medicare are d. hourly wage. $5,436.20, Which factors positively affect lifetime income? an inquiry from a bank that requested the person's credit report Someone buys new gutters for a home with a credit card. a. b. current address, monthly income, car loan payment history, date of birth a. vocational schools b. d. Employee benefits are nonsalary compensation granted by an employer. c. entertainment Ariel wants to compare the salaries for positions she was offered at two companies. b. expense b. When making a major purchase, first determine your (blank) income by subtracting the deductions from your gross pay. c. Form a decision. to pay interest if he does not pay in full by a certain date, to receive a bill at a later date What should she consider in this process? She wants to be sure that she is earning interest on her money and can add to her savings. when they are able. Yuri wants to pay for his new chair using a check. can change. c. Employee benefits are benefits related to a specific trade. In which situation would a certificate of deposit (CD) be the best banking choice? I. b. c. $88,700 a. a. Taking action. b. $31.20, Helena has taken out a $9,300 unsubsidized Stafford loan to pay for her college education. a. training to prepare for a career d. c. a. two books for $29.95 each Check all that apply. a. How many 4-digit personal identification numbers are possible if the number cannot contain a zero? d. Tuition is the price of attending classes at a school. a. The consumer has the right to hear back from businesses that they contact. There are no guaranteed investments. They are payable for more than 12 months. a. checking one's financial records against the bank's b. Fido's decision is sensible because the cost of the car loan should be less if his credit history improves. On-the-job training takes two years or fewer. The rebate is better; it saves $75 more. a. b. c. money to start the account it is too expensive. the economy. d. requires a signature for rent-to-own agreements The issuer could go bankrupt. $200 per month for 4 years. b. the total income available to spend. c. analyzing the availability of housing loans. Ted has $55.00 in his pocket. location of the company a. How many different passwords are possible? c. Jerome likes to take stuff apart and then rebuild it. There will be a late fee added to the bill. Which of these is an advantage of checking accounts? a. A pet groomer gave 9 baths, 15 nail trims, 8 brush-outs, and 5ear cleanings.For every 5nail trims, the groomer gave 3. d. filing for bankruptcy d. If the business is closed for a holiday, the employee still gets paid regardless of available vacation hours. c. The consumer has the right to fair settlement of disputes. $1.80 c. Joaquin should take the class because a promotion will mean a larger salary over the long term compared to a single cash advantage. What is the difference in the finance charges for the two choices? Prices fluctuate on the basis of demand. $949.80 Which is the most important consideration when deciding to purchase or lease a vehicle? Someone buys a new boat with a loan from a boat dealer. Bankruptcy stops aggressive action by creditors. as soon as they can. b. Keisha owns a house worth $275,000 with a mortgage of $195,000. d. She should take the position that offers the largest salary. b. how much sales tax has been paid III. When people take out a mortgage, they must pay back the money The issuer may not make a profit. b. payments change from month to month a. bank. b. c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck. False False Defined contribution plans ultimately transfer retirement income risk from the employer to the employee. Which purchase will he be able to pay for with cash? What is one benefit of privately issued student loans? b. Is she buying at the right time? If Reg makes a monthly payment of $773.89, which of the following was his down payment? 358,800,000 The interest rate this person pays on a $150,000 loan is 11%, compounded monthly. A grant is aid given to a student by an institution, often based on academic success. d. Compound interest pays interest on the principal and the interest earned in each period. Which questions should Lakesha answer before making her decision? Select two options x2 4 = 0 x2 = 4 3x2 + 12 = 0 4x2 = 16 2(x 2)2 = 0. She must check the interest rate on the debit card. d. Should I talk to a consumer credit counseling service? d. $6,720, Georgia's gross pay was $35,600 this year. Which information can be found on a person's credit report? They are issued in cooperation with the student's university to reduce costs and paperwork. The loan has a duration of ten years and an interest rate of 7.6%, compounded monthly. Borrowers taking a balloon payment mortgage most likely d. Scholarships can be awarded for various reasons, but federal grants are usually based on a student's financial need. c. down payment What must Shondra consider before she decides to pay with automatic withdrawals? Requires that the benefit of gain or the risk of loss from the assets contributed to the pension plan be borne by the employee. Report them to the Better Business Bureau. Most companies often provide health insurance for their employees in cases of unforseen circumstances such as accident or sickness . $2,500 IAS 19 was further amended in 1993 and renamed as IAS 19 Retirement Benefit Costs. II and III Research only the company offering the highest salary. Jessica is low risk and will pay her outstanding balances on time. $15,135.20 They both use taxes to support a country's growth. b. the distribution of earnings to shareholders. c. equity $7,834.32 Simple interest is paid only on the (blank). 2. financial information Use the credit card with the highest interest rate. Which type of account is most likely best for her? a. Will her sister like the jacket too? c. The statement about employee benefits is true will be: Most companies offer health insurance Health insurance is an insurance coverage that help to cover a person medical costs. employment history. An investor makes money by raising capital. Will this cause my bank account to have a negative balance? What is the price of the sofa. a. If this person invested this total amount in an account paying simple interest at the rate of 2.5%, how much money would have accumulated in interest by the time the mortgage is paid off? Store A has the rug for $45 with a 10% discount. Shares are traded. Which best describes what financial planning skills ultimately enable an individual to do? Why do prices increase when demand for a product is high? Study the entries in Lupe's records and bank statement. b. Joaquin should put the money in savings because it will grow quickly with interest that he can use in retirement. b. With a better credit rating, her payments could have been $440.82 per month. c. They find it easy to get a loan from the bank. date of birth b. The auditor provides accounting services to employee benefit plans' sponsors of commercial enterprises. a. careful consideration of short-term goals. It creates a base for happiness and satisfaction of the workforce that limits the labor turnover and confers a stable organization. $7,353.80 e. savings for your emergency fund, a. utilities a. a) The income may be used to find a replacement for the key employee. Assume the person could have received the lower interest rate on the loan and saved all of the difference in the payments for the first 10 years of the loan. $18,162.24. d. when a property was purchased. wages and salaries, annual leave), post-employment benefits such as retirement benefits, other long-term benefits (e.g. She receives job offers from different companies. c. local income tax It is possible to rebuild your credit after filing bankruptcy. c. They can be opened with any amount of money. c. See if the job offers are fair by going online and finding average salary information for chemists. B. family court judge. Simon bought a computer and made monthly payments. I. a. c. benefit. a. when the consumer has a lot of space to store bulk items to determine if the customer is likely to pay back the loan, to determine if the customer is likely to pay back the loan, Before applying for a credit card, Jacob examines his credit report. Select three options. He will be able to find a house he likes more quickly. a. Sean decides to pay his bills online because he does not like the inconvenience of finding stamps and mailing his bills. d. Yuri must check his credit card balance. Property taxes are based on $1529.70 costs the least. $412.79 d. medicare tax, If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is c. Choose the statement that describes an advantage of paying a bill through the mail with a check. b. amount budgeted d. d. stays the same. She also wants to use the money in her account to pay for her expenses. What is the job outlook for a US postal worker? False True Deferred profit-sharing plans tend to be classified as "contributory benefits." a. Debit. b. making sure a paycheck arrives on time a. all current monthly expenditures Postemployment employee benefits include all of the following, except a. Postemployment medical care b. Other long-term employee benefits b. fail to use different types of credit. c. entertainment b. car payments must become part of the budget. Which would be most helpful when considering a large expenditure that might require repeating payments? $433.88 Which will most likely help her get the lowest interest rate? Shona is buying a rug for her room. The car may be driven as much as needed. Shondra is thinking of making payments for her laptop by setting up automatic withdrawals with the store. Compound interest is paid by the week or by the month, not only once during a year. d. $639, Yasmine plans to attend a four-year public university. c. $5,000 b. An index measures growth. Is advertising influencing her? Better Business Bureau b. c. Obtain a credit card to pay for a refurbished computer. b. checking account Each loan had a duration of ten years and an interest rate of 5.3%, compounded monthly. c. the career's outlook Has she compared prices? d. Yarin determined the federal income tax he owes is $115. c. b. Hafsa wants a guaranteed return, and won't need the money for several years. to determine the customer's job title Disability insurance. e. housing advantages. a. mortgage payments decrease as equity increases. d. They allow access to the money at any time without penalty. Which best describes what generally occurs in financial markets? The loan had a duration of ten years and an interest rate of 7.1%, compounded monthly. Roderigo will allow interest capitalization. Which resource is most likely to give balanced, accurate information? An adjustable-rate mortgage is one that home loan A person's credit score can range from a low of 300 to a high of what number? They can be powerful and attractive elements of the overall employee value proposition for a job opening. Why is compound interest preferable to simple interest? $55.07 c. Evaluating results. Shred all mail with personal information before discarding it. b. doctor partnering with insurance companies to determine covered procedures d. Rupert's credit limit is most likely lower than Tamera's, and his interest rate is most likely lower. Consumers Union Round all dollar values to the nearest cent. b. The statement describes employee benefits is Compensation employees receive from employer over and above their income. Select three options. $995.60 b. d. The loan has an interest rate of 5.6%, compounded monthly. no annual fee By the time Helena graduates, how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization? a high interest rate. 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