Which of the following are NOT deducted on a typical paystub:
answer
Sales tax
question
Why might you complete a 1040 instead of a 1040EZ?
answer
You own a home
question
The amount you owe in state income tax is based on:
answer
Your yearly earnings
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
Both high and low deductible plans
question
Which of the following typically have the highest auto insurance premiums?
answer
Young, inexperienced drivers
question
Insurance can help you:
answer
protect against unexpected accidents
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
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
Health insurance with a 500$ deductible
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
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
question
Which is an example of a withholding you might see on your pay stub?
answer
Health & Retirement savings
question
The person who receives financial protection from a life insurance plan is called a:
answer
Beneficiary
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
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
Which of the following statements about taxes is FALSE?
answer
Taxes at the local, state and federal level are all equal
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
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