the distribution of earnings to shareholders. Which best describes what generally occurs in financial markets? d. the total cost of college classes and vocational training divided by the total years worked, b. the total salary and retirement benefits for all the years worked, Sebastian has just graduated after four years of university. What is one benefit of privately issued student loans? We collect personal information on behalf of employers to provide benefit administration services for their employee benefit plans. Round all dollar values to the nearest cent. The car may be driven as much as needed. b. checking account Select three options. c. submitting an online payment d. Review the pros and cons of the different available computers. She must be sure there is at least $135 in her bank account for the purchase. c. d. 8 percent, If Massachusetts has a sales tax of 6 percent and New Hampshire has no sales tax, how much money can be saved by buying a $1,000 television in New Hampshire? $10,393.82 A (blank) is a plan in which an individual balances available resources and expenses. c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck. c. Scholarships are awards that do not have to be repaid, but students must pay back any federal grants they receive. The federal income tax withholding from his pay was 9% of his gross pay. Next year when Jarrod attends his first year, the tuition is expected to increase 4.5%. The 25% discount is better; it saves $12.50 more. 140,400, This year, the annual tuition at a public four-year university is $5,290. b. What will help Ins to make an informed decision? Are there any expenses you have forgotten? e. savings for your emergency fund, a. utilities It will be easier for him to get a loan to buy the house. higher property taxes. Which career choices might he enjoy? Which is a possible benefit of having a good credit history? to determine if he has a history of good credit 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? 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. c. c. the total salary and value of insurance benefits for all the years worked b. Hafsa wants a guaranteed return, and won't need the money for several years. c. Employee benefits are benefits related to a specific trade. They are usually given a low interest rate. a. f. Event planner: works with people to plan parties, weddings, fundraisers, or corporate events. c. She should use the US Bureau of Labor Statistics website since it will cover a wide range of information about the careers around the United States. Credit cards offer lump sums of money, while personal loans set a maximum amount a person can borrow. can change. date of birth. Kenya borrowed the money to buy the jeans. Which is a possible benefit of having a good credit history? Which statements describe Emma's financial skills? b. her most recent bank statement Kenya used money directly from her bank account to buy the jeans. Yarin's gross pay for the year was $3,500. She also wants to use the money in her account to pay for her expenses. c. Aircraft inspector: inspect, plan, and oversee repairs on aircraft; may also need to design parts as repair methods that meet standards. 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). 1,000 to pay interest if he does not pay in full by a certain date, Quincy listed information from his credit report. c. how much has been withheld for taxes d. You must return the car after the lease ends. Checking accounts allow convenient ways to deposit or withdraw funds. b. the total income available to spend. e. high cost of living Which answer best describes Alan's lifetime income? Store A has the rug for $45 with a 10% discount. c. They both invest money to earn a profit. On-the-job training takes two years or fewer. A pet groomer gave 9 baths, 15 nail trims, 8 brush-outs, and 5ear cleanings.For every 5nail trims, the groomer gave 3. to help people invest in the stock market, Iliana's gross pay is $2,130 per month. a low interest rate. a. d. vocational training throughout career. a. It is possible to rebuild your credit after filing bankruptcy. d. How much in finance charges can I afford to pay? superior prospects for short-term gains. Payment options for voluntary benefits include: 100% employee-paid; Partially funded by both employee and employer CPSC, In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity theft? Which statement explains whether Julio is correct? $384.00 How much of a refund can Yarin expect? d. professional photographer for special events Which is an example of easy-access credit? a. b. a savings and loan They both receive capital to use for growth. c. Jonah decides to pay his bill by telephone because he wants to protect his account information. $31,616.16 Wait for the bank to call her. a. a. Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower. Research only the company offering the highest salary. d. private colleges. $3,185. 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. a. 780,000 the success of individual companies. an inquiry from a bank that requested the person's credit report. What might you expect to find out about people who are described as credit risks? Kendrick is planning to buy a house. $46.41. d. Each paycheck is less, even if an employer wants you to work more hours in a week. c. She should contact the police about possible theft. The loan had a principal of $4,850, an interest rate of 6.5% compounded monthly, and a duration of ten years. b. Consumer Product Safety Commission Is she buying at the right time? Which of the following best describes a way of safeguarding personal information? c. The career is shrinking and will provide more opportunities over time. The Department of Labor's Health Benefits Under the Consolidated Omnibus Budget Reconciliation Act (COBRA) provides information on the rights and protections that are afforded to workers under COBRA. c. Alan's lifetime income includes both his career outlook and his career environment. Balance only goes up. d. The career is shrinking and will provide fewer opportunities over time. Yoko is buying a car from a local car dealership. bank. a. A password is 4 characters long and must consist of 3 letters and 1 of 10 special characters. b. Are the buying and selling of stocks centralized activities? b. payroll taxes. 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? c. $36,490.25. b. income Fringe View the full answer Transcribed image text: Which of the following best describes how employee benefits can be used for tax planning? Ins is ready to begin her career as a chemist. He will be able to get a higher interest rate when buying the house. d. Evaluate alternatives. c. salary The Department of Labor has several programs designed to prevent work-related injuries and illnesses. c. Since Zoe has a past bankruptcy, she will end up paying a higher interest rate. 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? They both act as angel investors for start-ups. b. Shona can afford the rug in store B. If an employer pays the cost of an accident or health insurance plan for his/her employees (including an employee's spouse and dependents), then the employer's payments are not wages and are not subject to social security, Medicare, and FUTA taxes, or federal income tax withholding. There is never a sure way to predict the likelihood of success. There are two options offered to reduce the price: either a 25% discount off the price or a rebate of $300. Check all that apply. He has a stamp collection worth $1,250 and he has $300 in a bank account. b. Fido's decision is sensible because the cost of the car loan should be less if his credit history improves. True b. one is already in debt. Most students aren't responsible enough to know much about any type of loans, so a co-signer is there to make sure everything is secure. The loan has a duration of ten years and an interest rate of 7.5%, compounded monthly. Making a decision. b. She should research the benefits included in each offer. She must be sure there is at least $135 in her bank account for the purchase. Life insurance is among the top three nonmandatory benefits offered by Canadian firms with at least 10 employees. Ariel wants to compare the salaries for positions she was offered at two companies. c. when bulk items are not on sale anymore b. d. requires a signature for rent-to-own agreements Which career is she most likely to enjoy? c. A vocational school is usually paid for by the worker. b. d. Scholarships can be awarded for various reasons, but federal grants are usually based on a student's financial need. She has to decide whether to use a credit card or to finance the bike through the store. c. salary home loan the company's financial health He has a $175,000 mortgage. Check all that apply. Which statement is true about her method of payment? f. early retirement, a. post-secondary education $569.00 a. 703,040 b. state income tax. $2,800, Tyrell has a bankruptcy on his credit report and therefore pays higher interest rates on his current loans. Check all that apply. Kenya used money directly from her bank account to buy the jeans. d. c. equity in a home increases the homeowner's net worth. b. a. c. Shares are traded. It will be easier for him to get a loan to buy the house. 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. c. $4.80 b. f. money to deposit. d. You must return the car after the lease ends. Which statement best describes a situation requiring an auditor to apply Department of Labor (DOL) independence rules? Shona is buying a rug for her room. Tayesha wants to find more information about a career in architecture. $45.94 Yuri wants to pay for his new chair using a check. a. c. a savings bond c. her Social Security number A fringe benefit is a form of pay for the performance of services. d. birth certificate $137,532.67 c. a. $4,540.56 Round all dollar values to the nearest cent. c. Why do prices increase when demand for a product is high? In determining whether to issue a loan, banks are not allowed to ask about an applicant's A borrower with bad credit is likely to be charged $1,000 asking nicely b. In which situation would a certificate of deposit (CD) be the best banking choice? Other long-term employee benefitsare all employee benefits other than term short-employee benefits, post-employment benefits and termination benefits . d. property taxes decrease as equity increases. $1,524.96, Viola took out a $8,470 Stafford loan at the beginning of her four-year college career. d. unexpected issues may arise. Byron gives his credit card number to a telephone solicitor, but only after getting the person's name. She should research the benefits included in each offer. Page Last Reviewed or Updated: 05-Aug-2022, Request for Taxpayer Identification Number (TIN) and Certification, Employers engaged in a trade or business who pay compensation, Electronic Federal Tax Payment System (EFTPS), Publication 15-B, Employers' Tax Guide to Fringe Benefits, Office of Workers' Compensation Programs (OWCP), Energy Employees Occupational Illness Compensation Program, Longshore and Harbor Workers' Compensation Program, Health Benefits Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), Treasury Inspector General for Tax Administration. c. The auditor provides audit $91,700 b. If having a warranty on a car is important, a person should buy a car that is (blank). b. insurance HUD Keisha owns a house worth $275,000 with a mortgage of $195,000. wealthy relative. Ariel wants to compare the salaries for positions she was offered at two companies. a. cost. c. She must check to see if any automatic payments are scheduled for her account. d. Alan's lifetime income is both his college classes and his vocational training. b. gathering information on available housing. c. She must check to see if any automatic payments are scheduled for her account. d. $29,904.00, How much did Briana save by purchasing a backpack that cost $45 with a sales promotion of 20% off instead of a backpack that cost $42 with a sales promotion of 10% off? $3,035 Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued. Disability insurance. b. d. It's best to use only one document to track spending. a. a money market account b. never changes. my recipe calls for 4/5 of a cup of flour and I want to make it 1/2 of the recipe how much flour do I need? What is the total lifetime cost for Miranda to pay off her 4 loans? c. 6 percent There will be a late fee added to the bill. d. Julio is not correct because the house cannot be worth more than the mortgage. not being able to purchase a car or home
