$74,790.37 They are usually given a low interest rate. What is the first action Lupe should take when she discovers a difference between her records and the bank's records? Insuring clause II and III c. Postsecondary education includes college classes and vocational training. a. The Department of Labor's Office of Workers' Compensation Programs (OWCP)administers four major disability compensation programs that provide wage replacement benefits, medical treatment, vocational rehabilitation and other benefits to federal workers or their dependents who are injured at work or who acquire an occupational disease. a greater percentage chance of loss. An investor makes money by earning interest. a. Fido's decision is sensible because the selling price of the car should be less in a few months. c. an MP3 player for $35.99 and a $20.00 gift card for downloading music c. a. b. out-of-pocket medical expenses e. Can I pay at least the minimum payment each month? d. a. two books for $29.95 each $1,750 Transcribed image text: Question 16 Which of these statements best describes management concerns about benefits? b. What is the job outlook for a US postal worker? c. submitting an online payment DOL e. proof of address. a. used cars can require repairs sooner The loan term is four years, and her payments are $819.20 per month. c. It will be harder to secure a new loan at a low rate. Jessica is low risk but will not pay her outstanding balances on time. is predictable. Is advertising influencing her? b. c. low down payment c. improvements to a home a. Samuel is setting money aside but still needs emergency access to it. If having a warranty on a car is important, a person should buy a car that is (blank). phone number c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck. family court judge. b. payments change from month to month A fringe benefit is a form of pay for the performance of services. 358,800,000 Which results are more likely for someone without personal finance skills? a. She should take the position that has the lowest cost of living. a. Postsecondary education includes all nonsalary benefits granted by an employer. Shares are traded. b. car payments must become part of the budget. b. a. car insurance rates will decrease over time. c. She must check to see if any automatic payments are scheduled for her account. Which equations are true for x = 2 and x = 2? They have a history of not making their payments on time. right to dignity. All the above discuss are requirement of employees so that they benefited. d. an investment bank, Lupe wants an account into which she can deposit her paychecks. The 25% discount is better; it saves $12.50 more. medical and dental coverage. a. post-secondary education c. Fido's decision is not sensible because he needs the car right away. I & II only to be able to pay for it over time Rupert has a negative credit history.Which compares their credit limits and likely interest rates? the right to be heard and the right to redress a. She asked Ramya to compute her net monthly income. the person's social security number What is not a potential risk of purchasing a used car? it may not be needed. In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity theft? Kenya will pay for the jeans over time. $553 b. She should take the position that offers the largest salary. Someone buys a new boat with a loan from a boat dealer. What should she consider in this process? number, special character, letter, letter, number country of origin. d. On-the-job training takes two or more years. Since they filed bankruptcy in the past, a couple ends up paying a 12% fixed rate for a 30 year mortgage. address only goes down. income tax returns. d. c. She should research the average salary of similar positions to see if the offers are fair. d. If the business is closed for a holiday, the employee still gets paid regardless of available vacation hours. d. Find out the cost of living for the job locations, and compare them against the offered salaries. a. a. c. local taxes. By the end of the month, Simon had no money left for groceries. c. local medicare tax. Which explains why Jacob might examine his credit report? Which of these is a characteristic of certificates of deposit (CDs)? All investments involve major risks. Companies and their departments require a certain amount of employee benefits to comply with the law. 158,184 $3,185. c. Longs term benefits are those that benefits that are payable to employees after they complete the term of employment. b. gathering information on available housing. e. savings for your emergency fund, Ramya's mom was hired for a new job with a yearly income of $84,000. The jacket is much more expensive than a similar one from a lesser-known brand. a. medicare tax c. b. b. to receive a bill at a later date e. She must make sure she will be able to make the monthly payments. Lydell reads and signs the privacy policy at his doctor's office that says they only share information with pharmaceutical companies. Companies know that people will be willing to spend more to get an in-demand product. making sure she has a positive credit history c. However, the cost of health insurance benefits must be included in the wages of S corporation employees who own more than two percent of the S corporation (two percentshareholders). $324.33, Toby just graduated from four years of college. Which questions should Lakesha answer before making her decision? a. Jerome likes to take stuff apart and then rebuild it. A grant is aid given to a student by an institution, often based on academic success. Wait for the bank to call her. a. d. automatic withdrawal. a. $500 -career outlook. $33.10 c. doctor in a research facility for a large drug company $496.00 Most jurisdictions do not legally require firms to have the same benefits for full-time and part-time employees. getting small amounts of money to use immediately b. not benefitting from insurance deductibles the person's credit rating c. when bulk items are not on sale anymore d. employment history. a. Sean decides to pay his bills online because he does not like the inconvenience of finding stamps and mailing his bills. Check all that apply. The answer is D. Employers can provide fringe benefits to employees that are non-taxable benefits pursuant to the Income Tax Act. The loan has an interest rate of 5.6%, compounded monthly. He took out an unsubsidized Stafford loan worth $8,180 to help pay for his tuition. no interest rate. c. Ignore the fee because it is relatively small. Has she compared prices? Engineer: design, plan, or manage a system such as machines, computers, or roads. Which statement best defines tuition? Tayesha wants to find more information about a career in architecture. a. private loans carry a higher interest rate than federal loans. $23,650.00 b. Shona is buying a rug for her room. Joaquin is offered vocational training that will cost $3,000 but will make him eligible for a promotion. the distribution of earnings to shareholders. d. They are available to any student who meets lending standards, regardless of financial need. d. She should call the bank to have the charge taken off her account. No, there are many stock markets around the world, and they are independent of one another. a. He has a $175,000 mortgage. I, II, and III, Olivia has taken out a $13,100 unsubsidized Stafford loan to pay for her college education. corporate bonds Which explains whether Fido is making a sensible decision? b. lower interest and compound interest rates. c. includes interest rate information She should research the cost of living of different locations to compare against the offered salaries. Ted has $55.00 in his pocket. $31,337.27. a. Which of the following should Tyler expect? c. d. It's best to use only one document to track spending. What is Compensation employees? In which situation would a certificate of deposit (CD) be the best banking choice? c. federal loans must be paid back more quickly than private loans. c. c. Companies take advantage of the demand to make people spend more money on excess products. right to safety CPSC, In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity theft? d. If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop. c. Which best describes why investing can be such a challenge? $31,616.16 payment history and total debt. If their loan amount is $140,000, how much more per month will the couple be paying for their mortgage as a result of their bankruptcy? c. b. Shona can afford the rug in store B. b. Yuri must know the interest rate on a furniture loan. How is a student loan different from a scholarship? Reg's financing has an interest rate of 10.27%, compounded monthly, and a duration of three years. She expects she will need to contribute $9,000 annually to her education. a. b. If Reg makes a monthly payment of $773.89, which of the following was his down payment? e. proof of address, a. identification card b. 9,000 a. Employee Benefits Corporation is a service provider under California's privacy laws. Making a decision. a. a. What questions should she ask before she makes the purchase? Amanda wants to buy a new car. d. three books for $16.99 each. There are two options offered to reduce the price: either a 25% discount off the price or a rebate of $300. one already has enough savings. asking nicely d. b. Which step in the decision process should Marlene take? IAS 19 Employee Benefits (amended 2011) outlines the accounting requirements for employee benefits, including short-term benefits (e.g. e. can be broken at any time, a. requires a credit check d. not being able to purchase a car or home d. $50,000. location of the company One way to revise a budget to meet long-term goals is to (blank) discretionary spending. II & III only a. CD explaining that she has many outstanding loans a. training to prepare for a career A refrigerator is priced at $1,250. d. If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop. 456,976 mother's maiden name Round all dollar values to the nearest cent. d. having a paycheck garnished, b. obtaining a low interest rate on a loan. What is one benefit of privately issued student loans? a. The investment risk is borne by the employee. a. a. Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower. The plans are simple and easy to construct. No, there are many stock markets around the world, and they are independent of one another. Computer support specialist: work with people to service, upgrade, or design computer systems to fit their needs. What are her motivations? d. Choose the statement that describes an advantage of paying a bill through the mail with a check. b. d. requires a signature for rent-to-own agreements. municipal bonds b. d. Postsecondary education includes personal skills and interests. $461 d. decreases annually. Borrow more than one can afford to repay. d. $600, Which living expense needs to be included in the budget of someone renting an apartment? She will have $2.93 left over. What should she consider in this process? b. b. sales tax Byron filed for bankruptcy a few years ago, but is still paying higher deposits and interest rates. She should use a personal blog of an architect since it is a person in the industry. However, when she receives her bank statement, she's surprised to see that she has been charged a $5.00 overdraft fee. 4 percent a. 6,760,000. c. They are backed by the US government to ensure greater financial security. e. monthly bank fee of $, a. direct deposit of a paycheck d. finances, Roderigo has just finished paying back his $8,575 unsubsidized Stafford loan, which he took out to fund his four-year degree. b. federal loans are obtained by banks, while private loans are backed by the government. a. c. Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans. c. Obtain a credit card to pay for a refurbished computer. Transaction It creates a base for happiness and satisfaction of the workforce that limits the labor turnover and confers a stable organization. e. Research only the company that is closest to where she lives. b. C) This Act was passed as part of HIPAA. The consumer has the right to fair settlement of disputes. Reg has just purchased a new car. 3. scholarships and grants. c. money to start the account What is the difference in the finance charges for the two choices? a. identification card $31.20, Helena has taken out a $9,300 unsubsidized Stafford loan to pay for her college education. c. down payment d. Gathering information. c. having more debt than income $21.00 $949.80 a. Which describes an example of using unsecured credit? e. proof of her address Besides helping employees, offering fringe benefits helps employers tremendously . 156,000 a. applying for loans to pay for college. c. Employee benefits are benefits related to a specific trade. equity bonds b. obtaining a low interest rate on a loan unsubsidized Stafford loan These benefits are given for retirement like the life insurance, health insurance which makes the life of employee easier after retirement. a low interest rate. c. There are mileage restrictions on the car. the success of individual companies. Debt and loans are traded. f. money to deposit. She should check her own records to see if she made a mistake. b. Round all dollar values to the nearest cent. a. c. Compound interest is paid by the week or by the month, not only once during a year. a. Revise his budget to allow for a new computer. c. Treasury notes a. Which questions should Freya answer before using a credit card? a. all current monthly expenditures c) Premiums are not deductible to the business. b. Julio is correct because he can pay $45,000 and have no more liabilities. Which statement best explains a grant? b. a certificate of deposit The sales tax is 6% on either purchase. The issuer could refuse to pay dividends. d. She must check the interest rate on the debit card. Retirement plans. D. Retirement benefits depend on the individual's account balance. Which career is she most likely to enjoy? c. A vocational school is usually paid for by the worker. Shred all mail with personal information before discarding it. Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued. b. f. Will I be able to make the payments and avoid late fees? c. training to learn a new hobby c. d. Review the pros and cons of the different available computers. Which savings plan will help Yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings? Edgar has taken out a $6,250 unsubsidized Stafford loan to fund his four-year undergraduate degree. If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 more than paying cash for the laptop. only goes up. $238.46 d. The career is shrinking and will provide fewer opportunities over time. An investor makes money by issuing bonds. b. d. $6.90. c. equity Which statement best describes how an investor makes money off debt? Round all dollar values to the nearest cent. 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'S mom was hired for a US postal worker and the right to a... More quickly than private loans she asked Ramya to compute her net monthly income it a! Are obtained by banks, while compound interest is paid by the end the... Money off debt have no more liabilities of deposit ( CD ) be the best choice... Jacket is much more expensive than a similar one from a boat dealer is d. can! Few months likely for someone without personal finance skills just graduated from years! There are many stock markets around the world, and III c. Postsecondary education includes personal skills and.! 'S, and they are independent of one another expects she will need to contribute 9,000! Card $ 31.20, Helena has taken out a $ 9,300 unsubsidized Stafford loan fund... Will not pay her outstanding balances on time deposit ( CDs ) on either purchase opportunities... A. Postsecondary education includes personal skills and interests decision process should Marlene take accounting for! Name Round all dollar values to the business is closed for a holiday, the to! Eligible for a promotion out an unsubsidized Stafford loan to fund his four-year undergraduate.... Makes a monthly payment of $ 300 and a duration of three..