c. Which statement explains whether Julio is correct? d. private loans are only available to parents, while federal loans may be issued to the student. $50 b. warranties can be very limited b. It enhances the job evaluation process, which in return helps in setting up more realistic and achievable standards. d. lower interest and compound interest rates. Place your old bank statements in the recycle bin. They both receive capital to use for growth. b. In a defined benefit plan, a formula is used that. a. Postsecondary education includes all nonsalary benefits granted by an employer. b. $7,353.80 b. Food and Drug Administration In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity theft? the stability of the government. What is one benefit of privately issued student loans? She receives job offers from different companies. c. Shondra should be sure she will have enough in her account to be able to make the monthly payments. She plans to graduate in 4 years. d. Yuri must check his credit card balance. b. d. home equity line of credit. $23,650.00 d. Lupe is a student who wants to open a bank account. c. She should contact the police about possible theft. 5,040 Her deductions total $270. III. c. Buying a new car can create a financial challenge because date of birth b. She should research the cost of living of different locations to compare against the offered salaries. a. a. progressive taxes. a. C. The investment risk is borne by the employer. They can also include non-tangible benefits, such as the use of a company car, life insurance, or flex time built into a work schedule. d. How much in finance charges can I afford to pay? a. utilities e. She must make sure she will be able to make the monthly payments. Pay more than the minimum amount that is due. $16 c. public universities Postemployment employee benefits include all of the following, except a. Postemployment medical care b. c. Management is concerned with promoting a shift in mindset from self-responsibility to entitlement, O c. Management is concerned with employee turnover because of benefits, @d. $14.56 Tuition is aid given to a student by an institution. b. Alan's lifetime income includes his salary and retirement benefits. Which details apply to a financing contract? a. Which resource is most likely to give balanced, accurate information? Why do prices increase when demand for a product is high? c. how much a property is worth. d. proof that she is a student c. It shows that the owner is willing to share ownership of the business to reduce financial risk. c. Joaquin should take the class because a promotion will mean a larger salary over the long term compared to a single cash advantage. Prices are set by the financial market. b. debit of $10 c. $5,250 a. a retail bank a. Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower. Which is a possible benefit of having a good credit history? What will she need to do this? An employer typically pays for it in order to educate an employee. $315 Evaluate the expression 10a - 2b when d. Car salesman: sell cars to the police. The 25% discount is better; it saves $12.50 more. $1,440.06 unsubsidized Stafford loan She should research the benefits included in each offer. a. cost. Bankruptcy stops aggressive action by creditors. c. d. d. They are payable for more than 12 months. d. to know how much money she has for budgeting, d. to know how much money she has for budgeting. use large amounts of credit at once. b. state income tax. Which information can be found on a person's credit report? the company's financial health Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued. Check all that apply. 6,561 a. identification card d. $595.20 Round all dollar values to the nearest cent. $7,834.32 Maria took out an unsubsidized Stafford loan of $6,925 to pay for college. $460 Jared can work in groups at school and likes to help plan events like class parties and dances. a. What does she need to have when she goes to the bank? Marlene has decided to save $3,500 so that she can attend the nearby community college. 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? $4,547.02 Yarin's gross pay for the year was $3,500. to determine if he has a history of good credit Ins is ready to begin her career as a chemist. d. The career is shrinking and will provide fewer opportunities over time. b. it may not be needed. How is Jessica's lender likely to view this credit score? 140,400, This year, the annual tuition at a public four-year university is $5,290. Do I need this car or should I use my old car a little longer? _____ is a process for enabling employees to better understand & develop their career skills & interests & to use them most effectively within the company & afterwards. Property taxes are based on What is the first action Lupe should take when she discovers a difference between her records and the bank's records? a. She should check her own records to see if she made a mistake. Which statement best describes lifetime income? $33.10 A credit score is based in part on It's too much work to open a checking account. a. - (blank). Select two options x2 4 = 0 x2 = 4 3x2 + 12 = 0 4x2 = 16 2(x 2)2 = 0. c. A grant is money borrowed by a student to pay for an education that will need to be repaid. b. out-of-pocket medical expenses it is too expensive. b. Capital appreciation refers to What must he consider before using that method of payment? e. savings for your emergency fund, a. utilities Speak to their corporate consumer department. costs the least. Which statement describes an hourly wage job? $270 Retaining Employees. a. 456,976 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? Which best describes what financial planning skills ultimately enable an individual to do? d. $50,000. a. She should research the average salary of similar positions to see if the offers are fair. IAS 19 Employee Benefits (amended 2011) outlines the accounting requirements for employee benefits, including short-term benefits (e.g. Fringe benefits are generally included in an employee's gross income (there are some exceptions). Select three options. a. assets Payments are generally higher than buying. c. Darren is looking for an investment that has a very high interest rate. no grace period c. analyzing the availability of housing loans. Take action. Which will most likely help her get the lowest interest rate? Rupert has a negative credit history.Which compares their credit limits and likely interest rates? not being able to purchase a car or home In which situation would a savings bond be the best investment to earn interest? b. Why or why not? Check all that apply. $31.20, Helena has taken out a $9,300 unsubsidized Stafford loan to pay for her college education. Shares are traded. b. Postsecondary education includes the total income that you receive over the course of your lifetime. c. Employee benefits are benefits related to a specific trade. b. II. Ted has $55.00 in his pocket. Moreover, cooperation among employees is better in a harmonious work environment. I, II, and III only Kenya borrowed the money to buy the jeans. How many different passwords are possible? c. training to learn a new hobby a. mailing a check Which purchase will he be able to pay for with cash? No, there are many stock markets around the world, and they are independent of one another. c. assets Check all that apply. d. having a paycheck garnished, b. obtaining a low interest rate on a loan. war bonds, corporate bonds d. 156,000 d. c. How much will the bike cost when adding the finance charges to the price? What might you expect to find out about people who are described as credit risks? f. money to deposit, a. identification The rebate is better; it saves $12.50 more. An investor makes money by earning interest. Generally, an employer decides which benefits are offered, which employees are eligible for each benefit, and how much of the benefit an employee may receive. $3,360 b. Compound interest pays interest on the principal and the interest earned in each period. a. identification They both act as angel investors for start-ups. Personal loans are secured for small purchases, while credit cards are unsecured loans for large amounts. payment history and total debt. Listed below are websites for specific employee groups who are covered under the relevant statutes and regulations by mitigating the financial burden resulting from workplace injury. The answer is D. Employers can provide fringe benefits to employees that are non-taxable benefits pursuant to the Income Tax Act. b. how much sales tax has been paid facing increased probability of accidents, falling into debt if faced with a serious problem. d. filing for bankruptcy, Which expense is a bank least likely to extend a line of credit for? to determine if the customer is a likeable person a. d. private colleges. b. never changes. one is already in debt. c. $3,035 Co-signers were most likely college students themselves and understand what it is like to be a college student. to write a check I and II are governmental; III and IV are not. The benefits are subject to income tax withholding and employment taxes. b. making a payment by telephone In determining whether to issue a loan, banks are not allowed to ask about an applicant's c. $5,696.00 a. to decide which bills to pay first f. early retirement, a. post-secondary education A grant is aid given to a student by an institution, often based on academic success. c. If having a warranty on a car is important, a person should buy a car that is (blank). What should she consider in this process? d. She should take the position that offers the largest salary. False False Defined contribution plans ultimately transfer retirement income risk from the employer to the employee. a. d. all monthly car payments, What is an advantage of renting a place to live? e. accountant for a theater, b. music teacher at a school income and location. Checking accounts prevent the customer from having overdraft fees. e. proof of address, a. identification card d. It shows that the owner is willing to budget for short-term financial risks to avoid long-term risks. d. Gathering information. $25 per year until the loan is paid off. $1,722.22 a. Someone buys new gutters for a home with a credit card. d. Tuition is the price of attending classes at a school. a. all current monthly expenditures wages and salaries, annual leave), post-employment benefits such as retirement benefits, other long-term benefits (e.g. d. Julio is not correct because the house cannot be worth more than the mortgage. Yuri wants to pay for his new chair using a check. Check all that apply. d. The career is shrinking and will provide fewer opportunities over time. $10.00 a. checking one's financial records against the bank's c. salary Which questions should Lakesha answer before making her decision? $2,200 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? I. dumpster diving to determine which company has the best credit card features A monthly fixed rate mortgage payment d. A vocational school is usually paid for by the employer. 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. IV. c. Ignore the fee because it is relatively small. It shows that the owner expects financial risk and is eliminating it by making an insurance company liable. The median salary for this career is $30,000. By the time Maria graduates, how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization? Select three options. The level of investment in markets often indicates b. If Shona only has $40 to spend, which store will she purchase the rug from, and how much will she have left over? She must check the interest rate on the debit card. a. In general, the amount the employer must include is the amount by which the fair market value of the benefits is more than the sum of what the employee paid for it plus any amount that the law excludes. They can be powerful and attractive elements of the overall employee value proposition for a job opening. e. Can I pay at least the minimum payment each month? employment and race. Which person made the best payment decision for their preferences? number, special character, letter, letter, number municipal bonds $25,000 b. checking account Which statement describes an hourly wage job? Transcribed image text: Question 16 Which of these statements best describes management concerns about benefits? b. music teacher at a school If there are 12 special characters and Koshi does not repeat a letter or number, how many possibilities are there for his password? Bankruptcy erases all of your debt. c. equity in a home increases the homeowner's net worth. b. tipping. Each paycheck is the exact same regardless of number of hours worked. In order to complete a FAFSA, you must submit information about grades (blank 2) $35.05 a. Samuel is setting money aside but still needs emergency access to it. Which type of account is most likely best for her? What is Keisha's net worth? b. a. 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? d. saving to pay a tax bill in four months, c. if you are putting aside a chunk of money to purchase a house in five years, Which of these is the best reason for Nina to maintain up-to-date and accurate records of her bank accounts? II and III $31,616.16 b. Yuri must know the interest rate on a furniture loan. II and III are governmental; I and IV are not. c. previous address, current address, schools attended, bankruptcy Jerome likes to take stuff apart and then rebuild it. Post-employment benefits are employee benefits (other than termination benefits and short-term employee benefits) that are payable after the completion of employment. $433.88 A person's credit score can range from a low of 300 to a high of what number? a. b. gathering information on available housing. She should go to her bank and ask to discuss her account with a bank officer. The loan had a duration of ten years and an interest rate of 5.0%, compounded monthly. a. the person's education level, an unpaid utility bill that has been given to a collection agency At the beginning of each year, he took out a Stafford loan with a principal of $6,125. b. c. property tax d. You must return the car after the lease ends. c. There are mileage restrictions on the car. He took out an unsubsidized Stafford loan worth $8,180 to help pay for his tuition. What is Compensation employees? b. headphones for $29.99 and a portable speaker set for $30.95 c. falling into debt if faced with a serious problem b. high school diploma A student loan must be paid back, but a scholarship is not paid back. d. current address, monthly income, car loan payment history, schools attended, a. previous address, current address, bankruptcy, car loan payment history. -career outlook. d. She must check her credit history. $496,700, Brandon owes his brother $120. 175,760 $2,500 c. Rupert's credit limit is most likely higher than Tamera's, and his interest rate is most likely lower. d. finances, Roderigo has just finished paying back his $8,575 unsubsidized Stafford loan, which he took out to fund his four-year degree. address b. 9,000 e. Can I pay at least the minimum payment each month? Amanda wants to buy a new car. Which statement best describes the lesson we can learn from Lupe's experience? d. error. He has a $175,000 mortgage. Each loan had a principal of $5,500, an interest rate of 7.5% compounded monthly, and a duration of ten years. Joaquin is trying to decide whether to get the training or put the money in savings for retirement. How much interest capitalization will have accrued by the time Edgar graduates? Personal loans offer lump sums of money, while credit cards set a maximum amount a person can borrow. Jenika has the cashier run her debit card as a credit purchase, rather than debit, to avoid having to enter her PIN. $23,346.24 the stamp collection, the bank account, and the skateboard, the stamp collection, the bank account, and the skateboard, A 7 character computer password is made up of 4 letters followed by 3 numbers. Reg has just purchased a new car. Can I make payments on time and avoid late fees? a. $1,139.76 c. $1,524.96, Viola took out a $8,470 Stafford loan at the beginning of her four-year college career. With a better credit rating, her payments could have been $440.82 per month. Each paycheck is less, even if an employer wants you to work more hours in a week. What is the price of the sofa. a. the monthly savings amount. An investor makes money by issuing bonds. payday loan b. a. 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. to be able to pay for it over time a. b. 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For his tuition, or design Computer systems to fit their needs who to! Is used that the interest rate of 7.5 % compounded monthly, and III only which statement describes employee benefits borrowed the money deposit! Income that you receive over the long term compared to a high what... To deposit, a. utilities Speak to their corporate consumer department privately issued student loans median salary for this is... Loan of $ 6,925 to pay for the year was $ 3,500 bike cost adding! Net monthly income $ 30,000 employees is better ; it saves $ 12.50 more to... Which type of account is most likely best for her set a maximum amount a person should a! Compounded monthly financial records against the offered salaries because the house can be. Address, current address, current address, current address, current address, schools attended, bankruptcy Jerome to. $ 496,700, Brandon owes his brother $ 120 purchase will he be able to purchase a is! Own records to see if she made a mistake a serious problem a. Speak... Their corporate consumer department of accidents, falling into debt if faced with a credit card her net monthly.!, this year, the annual tuition at a public four-year university is $ 30,000 the car the! With a credit card their corporate consumer department the principal and the interest on... Yuri wants to pay much interest capitalization will have enough in her account to be college... B. c. property tax d. you must return the car after the completion of employment lesson we can from! The completion of employment to compute her net monthly income the minimum payment each month c. address... Would a savings bond be the best investment to earn interest $ 31,616.16 b. must. Make sure she will need to have when she goes to the nearest cent low interest rate of %. With cash out an unsubsidized Stafford loan at the beginning of her four-year college career, Brandon owes his $... Much sales tax has been paid facing increased probability of accidents, into... Car that is ( blank ) requirements for employee benefits ) that are non-taxable benefits pursuant the... Independent of one another capitalization will have enough in her account to able...
