Under which circumstance might you receive a tax refund from the IRS?
answer
When your total of previous payments and applicable credits is more than the tax you owe.
question
Tax that you pay when making a profit from selling a house is an example of:
answer
Capital Gains Tax
question
The amount you owe in state income tax is based on:
answer
your yearly earnings
question
You have an insurance policy with a $300 premium and a $500 deductible. How much should you expect to pay the insurance company each month for coverage?
answer
$300
question
Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance?
answer
A tree branch breaks your bedroom window during a storm.
question
If you cause a car accident, which type of insurance will require you to pay the least out of pocket?
answer
Low deductible plan
question
The person who receives financial protection from a life insurance plan is called a:
answer
Beneficiary
question
Which of the following are NOT deducted on a typical paystub:
answer
Sales Tax
question
On a pay stub, what is the difference between "Net Pay" and YTD Net Pay"?
answer
Net Pay is how much you've made during a pay period, YTD Net Pay is how you've made this year.
question
If you are in a car accident caused by someone else who also has insurance, which type of insurance plan will not require you to pay out of pocket costs?
answer
Either A or B
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