EVERFI - INSURANCE & TAXES QUIZ

25 July 2022
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10 test answers

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question
Why might you complete a 1040 instead of a 1040EZ?
answer
You own a home
question
When you purchase an item in a store, you may be charged __________.
answer
sales tax
question
Which of the following are NOT deducted on a typical paystub:
answer
Sales tax
question
The person who receives financial protection from a life insurance plan is called a:
answer
Beneficiary
question
Insurance can help you:
answer
financially protect against unexpected accidents
question
In which of the following scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense?
answer
You have health insurance with a $500 deductible
question
Jan pays $70 each month for her auto insurance policy. This regular payment is called a:
answer
premium
question
When starting a new job, the form you complete to determine how much tax to withhold from your paycheck is called the _______.
answer
W-4
question
The amount you owe in state income tax is based on:
answer
Your yearly earnings
question
Your auto insurance policy has a $200 monthly premium and $700 deductible. What is the maximum amount you will have to pay out-of-pocket for a car accident before your insurance covers your costs?
answer
$700