c. $85,000 He will need to get a car loan. b. gathering information on available housing. Youre the provider of a fringe benefit if it is provided for services performed for you. a. c. Shares are traded. Compound interest is paid by the week or by the month, not only once during a year. Food and Drug Administration The loan has an interest rate of 5.6%, compounded monthly. Mr.Collins buys a table and sofa for $2,028.The table costs 30% of the price of the sofa. a. She should research the average salary of similar positions to see if the offers are fair. Carry all your passwords in your wallet or purse. Each paycheck is the exact same regardless of number of hours worked. d) It is typically written to cover key employees in the event they become disabled and are unable to work. Simple interest is paid on small, short-term loans, while compound interest is paid on large, long-term loans. The rebate is better; it saves $12.50 more. Pay more than the minimum amount that is due. d. birth certificate within a year. a. He is also good at math but is rather shy. 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. II and IV are governmental; I and III are not. a. b. sales tax b. He will get the house for a lower price. If the loan has an interest rate of 5.3%, compounded monthly, how much interest capitalization has occurred by the time he graduated? I and II Can I make payments on time and avoid late fees? c. 6 percent $461 Capital appreciation refers to a. the career's location a. the monthly savings amount. b. c. Will I have to take out a loan? When planning a budget, the biggest consideration should be the Therefore, we are not permitted to delete your personal information unless your employer or former employer requires us to do so. His friend Mateo is choosing a career that requires a college degree but has a median salary of $55,000. d. corporate taxes. 780,000 b. 4,000 Moreover, cooperation among employees is better in a harmonious work environment. $7,904.04 b. payroll taxes. She worked hard to learn as much as she could about her profession. c. federal loans must be paid back more quickly than private loans. c. life-enrichment director and event planner at a retirement home Treasury notes, Which factors can affect a stock's price? phishing $384.00 B) It is enforced by the Center for Medicare and Medicaid Services. The plans are simple and easy to construct. I. $315 b. Fido's decision is sensible because the cost of the car loan should be less if his credit history improves. 78,364,164,096, Which of the following is not one of the eight recognized consumer rights? Which statement best defines tuition? a. as soon as they can. Which explains whether Fido is making a sensible decision? b. a certificate of deposit c. improvements to a home 6,760,000. d. vocational training throughout career. c. d. A scholarship is a form of financial aid, but a student loan is not. Which resource is most likely to give balanced, accurate information? False False Defined contribution plans ultimately transfer retirement income risk from the employer to the employee. a. d. A grant is the price of attending classes at a school. What is the difference in the finance charges for the two choices? A grant is aid given to a student by an institution, often based on academic success. All investments involve major risks. a. She should take the position that offers the largest salary. The sales tax is 6% on either purchase. What must Shondra consider before she decides to pay with automatic withdrawals? c. Fido's decision is not sensible because he needs the car right away. She should research the cost of living of different locations to compare against the offered salaries. She should use a personal blog of an architect since it is a person in the industry. b. Alan's lifetime income includes his salary and retirement benefits. a. Retirement benefits, such as pensions c. Postemployment life insurance d. Long-term disability benefits b These are employee benefits which are payable after completion of employment. a. 156,000 -career locations and environments. b. d. Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal. $2,200 Which step in the decision-making process should Simon now take? Compound interest is based on the entire principal, not just a percentage of the principal. Which describes the difference between a personal loan and a credit card? 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). $31,616.16 d. c. a commercial bank a. $337.56 b. Lydell reads and signs the privacy policy at his doctor's office that says they only share information with pharmaceutical companies. What is a benefit of obtaining a personal loan? d. money market account, Lupe is ready to open a checking account. family court judge. Jared can work in groups at school and likes to help plan events like class parties and dances. a. careful consideration of short-term goals. Check all that apply. Visit the websites of all of the companies to learn more about them. Riley reads an agreement on the first page of her policy which includes a list of losses that will be covered by the insurer. $3000 monthly line of credit a. a. An investor makes money by being repaid for the principal. If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $50.40 more than paying cash for the laptop. Which is an example of easy-access credit? a. d. The loan had a duration of ten years and an interest rate of 5.0%, compounded monthly. It contains many types of information, including: Checking accounts allow convenient ways to deposit or withdraw funds. right to be heard Why is compound interest preferable to simple interest? b. $225 per month for 3 years $324.33, Toby just graduated from four years of college. Choose the correct answer. Treasury bills d. Someone buys a new boat with a loan from a boat dealer. c. how much a property is worth. See more on the variety of staff benefits on offer in our Reward management surveys. $71.37 for the employee benefits which shows that the employee get some facilities like HRAs, TA/DA, paid vacations and many more. d. bankruptcy. Which statements apply to leasing a car? The annual percentage rate on the credit card is 12%. Round all dollar values to the nearest cent. d. What is one benefit of privately issued student loans? c. Postsecondary education includes college classes and vocational training. b. Yuri must know the interest rate on a furniture loan. d. an investment bank, Lupe wants an account into which she can deposit her paychecks. Store A has the rug for $45 with a 10% discount. a. b. c. Jonah decides to pay his bill by telephone because he wants to protect his account information. b. c. a savings bond to have the full amount available in his bank account right away The beauty of voluntary benets is they can be customized for the specic needs of a business and their employees, catering to certain vocations, stages of life, location and lifestyles. d. Tuition is the price of attending classes at a school. An index measures economic trends. Of the four consumer protection groups listed below, identify which groups are government agencies and which are non-governmental. Miranda paid off each loan by making constant monthly payments, starting with when she graduated. a. mailing a check Employee benefit are funded by an organisation for the benefit of the employee and includes various services and programmes as well as addition to compensation in the form of wages and salaries. What will help Ins to make an informed decision? Most students won't be able to afford paying for their loans, and leave that responsibility to their co-signers. c. benefit. c. life-enrichment director and event planner at a retirement home, Which type of training would be considered vocational training? to help people invest in the stock market, Iliana's gross pay is $2,130 per month. It is possible to rebuild your credit after filing bankruptcy. a. income d. If the business is closed for a holiday, the employee still gets paid regardless of available vacation hours. $25,000 e. Research only the company that is closest to where she lives. Which explains why Jacob might examine his credit report? Careers, Salaries, and lifetime Income (GVC). a. Alan's lifetime income is his employee benefits, like health insurance. Which step in the decision process should Marlene take? d. $6.90. the person's credit rating b. headphones for $29.99 and a portable speaker set for $30.95 a. b. Which questions should she consider before she buys the jacket? Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued. d. a. used cars can require repairs sooner The benefits a worker receives from an employer typically include: federal grants. Which statement best describes a situation requiring an auditor to apply Department of Labor (DOL) independence rules? 4 percent are often forced to sell their homes after the first year. Choose the statement that describes an advantage of paying a bill through the mail with a check. $23,650.00 e. proof of address, a. identification card a. training to prepare for a career II and III are governmental; I and IV are not. d. The career is shrinking and will provide fewer opportunities over time. e. She must make sure she will be able to make the monthly payments. However, when she receives her bank statement, she's surprised to see that she has been charged a $5.00 overdraft fee. a. Check all that apply. a. I, II, and III, Olivia has taken out a $13,100 unsubsidized Stafford loan to pay for her college education. c. A grant is money borrowed by a student to pay for an education that will need to be repaid. $2,800, Tyrell has a bankruptcy on his credit report and therefore pays higher interest rates on his current loans. Kanya wants to buy a laptop that costs $420. a. the economy. c. d. $721.93 Prices fluctuate on the basis of demand. b. c. lower interest and compound interest rates. f. Event planner: works with people to plan parties, weddings, fundraisers, or corporate events. b. insurance payday loan b. how much sales tax has been paid In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity theft? Since Zoe has a past bankruptcy, she will end up paying a higher interest rate. The total of all deductions from her paycheck will be 25% of the gross pay. e. proof of her address wages and salaries, annual leave), post-employment benefits such as retirement benefits, other long-term benefits (e.g. Check all that apply. A health plancan be one of the most important benefits provided by an employer. a. all current monthly expenditures She must be sure there is at least $135 in her bank account for the purchase. d. How much in finance charges can I afford to pay? a. What types of information does a W-2 form contain? It will be easier for him to get a loan to buy the house. c. equity d. maintenance, Which is a kind of federal payroll tax? e. Factory reproduction manager: check that products meet specifications. These benefits include medical insurance, employee compensation, employment and family leave insurance. d. to know how much money she has for budgeting, d. to know how much money she has for budgeting. In which situation would a savings bond be the best investment to earn interest? III. the company's financial health Which statement best describes how an investor makes money off debt? to help people buy homes Reg has just purchased a new car. C. The investment risk is borne by the employer. d. She should call the bank to have the charge taken off her account. Kendrick is planning to buy a house. Employers may offer a diverse range of other employee benefits including: unlimited holiday; paid or part-paid conference attendance; Christmas parties; concierge services; relaxation apps; free or subsidised staff canteens; and a nap room. I. dumpster diving What is the difference in the finance charges for the two choices? Prices are controlled by the issuing company. The point at which it is no longer advantageous to buy in bulk is known as marginal a. a. musician in a band on tour Computer support specialist: work with people to service, upgrade, or design computer systems to fit their needs. b. Checking accounts allow convenient ways to deposit or withdraw funds. They last for a set period of time. a. b. out-of-pocket medical expenses a) The income may be used to find a replacement for the key employee. 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. $6 a. Credit cards are secured loans for large amounts, while personal loans are unsecured for small purchases. 1,679,616. high interest rate. Which best describes what a market index does? b. b. d. Companies know they can stop production and still make money on sales. d. It shows that the owner is willing to budget for short-term financial risks to avoid long-term risks. $3,739.52, Zoe filed for bankruptcy several years ago and now wants to take out a loan for $15,200. b. Jessica is low risk but will not pay her outstanding balances on time. a. b. b. Shondra should check her credit history to be sure she has a good credit score. borrow too much money. The loan had a principal of $4,850, an interest rate of 6.5% compounded monthly, and a duration of ten years. asking nicely a. doctor in a clinic that serves a low-income population d. a. Fringe View the full answer Transcribed image text: Which of the following best describes how employee benefits can be used for tax planning? only goes up. Medical and dental coverage Which statement best describes an education at a vocational school? the person's yearly income a. Kenya borrowed the money to buy the jeans. skimming d. Rupert's credit limit is most likely lower than Tamera's, and his interest rate is most likely lower. Bankruptcy stops aggressive action by creditors. He will be able to get a higher interest rate when buying the house. b. Which best describes the role that government and business play in investments? a. direct deposit of a paycheck c. The auditor provides audit Fringe benefits include cars and flights on aircraft that the employer provides, free or discounted commercial flights, vacations, discounts on property or services, memberships in country clubs or other social clubs, and tickets to entertainment or sporting events. He also has a skateboard worth $95.Which are Brandon's assets? $1,139.76 Which of the following best explains this statement? c. an MP3 player for $35.99 and a $20.00 gift card for downloading music An investor makes money by earning interest. a. cost. b. never changes. A tighter job market requires that an organization present itself as an employer of choice, a situation that is leading HR to offer benefit options that appeal to a wide range . The consumer has the right to repeat any transaction. c. the total housing or rent payments. Check all that apply. They both receive capital to use for growth. She wants to get the lowest interest rate possible. Management is concerned with tax consequences. must repay the loan in five to ten years. Balance income tax returns. Check all that apply. In which situation would a certificate of deposit (CD) be the best banking choice? b. expense c. d. Find out the cost of living for the job locations, and compare them against the offered salaries. Which statement describes employee benefits? b. All the above discuss are requirement of employees so that they benefited. remain in their homes for 30 years or more. She also wants to be able to access her money if the need should arise. b. II. low down payment $949.80 Shondra is thinking of making payments for her laptop by setting up automatic withdrawals with the store. c. She should contact the police about possible theft. $55.07 B. Health insurance programs allow workers and their families to take care of essential medical needs. b. debit of $10 Insuring clause c. her Social Security number b. a. to decide which bills to pay first credit card number explaining that she has many outstanding loans b. when costs rise too quickly due to demand Evaluate his decision to buy a computer. location of the company HUD b. 703,040 I. Perkins loan the hourly pay rate. $31,337.27. costs the least. On-the-job training takes two or more years. d. the monthly transportation cost. b. How much must Henry pay every month to avoid interest capitalization? b. d. e. savings for your emergency fund, a. utilities to be able to pay for it over time a. Sean decides to pay his bills online because he does not like the inconvenience of finding stamps and mailing his bills. II and III Personal loans offer lump sums of money, while credit cards set a maximum amount a person can borrow. $90 DOL b. d. $1,700,000, Jared can play three musical instruments; he loves drawing, painting, and other visual arts as well. They have a history of not making their payments on time. a. It's only important to track large amounts in personal records. Lakesha does not have enough in her bank account to use a debit card for the purchase of a bike she needs to get to work. the bank account only the ability to make a profit from owning stock. The simple interest on a loan of $200 at 10 percent interest per year is The median salary for this career is $30,000. Other long-term employee benefits b. Ariel wants to compare the salaries for positions she was offered at two companies. It creates a base for happiness and satisfaction of the workforce that limits the labor turnover and confers a stable organization. $260.37, Calculate the monthly payment for a 5-year car loan of $23,570 at 10.43% interest, compounded monthly. b. b. 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. A credit score is based in part on $569.00 b. a. Fido's decision is sensible because the selling price of the car should be less in a few months. Question: 4. a. applying for loans to pay for college. Payment options for voluntary benefits include: 100% employee-paid; Partially funded by both employee and employer A mortgage is a legal agreement between a borrower and a What should she consider in this process? IV. b. Select two options x2 4 = 0 x2 = 4 3x2 + 12 = 0 4x2 = 16 2(x 2)2 = 0. A pet groomer gave 9 baths, 15 nail trims, 8 brush-outs, and 5ear cleanings.For every 5nail trims, the groomer gave 3. Why do most student loans involve a co-signer? b. her most recent bank statement Someone buys a new home with a mortgage from a bank. c. Shondra should be sure she will have enough in her account to be able to make the monthly payments. She has to decide whether to use a credit card or to finance the bike through the store. $144.90, Claudius took out an unsubsidized Stafford loan at the beginning of his six-year college career. Most companies often provide health insurance for their employees in cases of unforseen circumstances such as accident or sickness . In some cases, it is safe to avoid insurance because $7,834.32 Which financial problems might cause a person to be considered a bad risk for a loan to purchase a home? b. no interest rate. a. corporate tax. Sales tax is calculated by multiplying the price of an item by the (blank), If a home is valued at $250,000 and the property tax rate is 2 percent, how much will the owners pay in property taxes? $33.10 Co-signers were most likely college students themselves and understand what it is like to be a college student. c. the career's outlook They both act as angel investors for start-ups. d. local social security tax. Credit cards offer lump sums of money, while personal loans set a maximum amount a person can borrow. She should research the benefits included in each offer. to determine the customer's income fail to pay their bills on time. d. $6,720, Georgia's gross pay was $35,600 this year. f. how much withheld tax will be refunded, a. how much has been earned