pay a higher interest rate during the first few years. By the time Olivia graduates, how much greater will the amount of interest capitalized be than the minimum amount that Olivia could pay to prevent interest capitalization? place of birth, Koshi creates a password as follows: Which is a possible benefit of having a good credit history? d. c. federal loans must be paid back more quickly than private loans. II and III are governmental; I and IV are not. a. 1,000 $71.37 $1,000 the stamp collection and the bank account only By the end of the month, Simon had no money left for groceries. She should research the benefits included in each offer. Check all that apply. 358,800,000 Fringe benefits are generally included in an employee's gross income (there are some exceptions). the economy. a. What is one benefit of privately issued student loans? Someone buys a new home with a mortgage from a bank. must repay the loan in five to ten years. d. She receives job offers from different companies. A vocational school degree takes one year to earn. a. the career's location d. Scholarships can be awarded for various reasons, but federal grants are usually based on a student's financial need. Assets are traded. c. increases annually. The car had a list price of $22,499, and he was responsible for 7.96% sales tax, a $2,138 vehicle registration fee, and a $262 documentation fee. Someone buys new gutters for a home with a credit card. Which describes the difference between simple and compound interest? are often forced to sell their homes after the first year. family court judge. d. to know how much money she has for budgeting, d. to know how much money she has for budgeting. c. She must check to see if any automatic payments are scheduled for her account. The loan had a duration of ten years and an interest rate of 7.1%, compounded monthly. He took out an unsubsidized Stafford loan worth $8,180 to help pay for his tuition. The investment risk is borne by the employee. e. monthly bank fee of $, a. direct deposit of a paycheck right to safety $860, What is one cost of avoiding insurance? $76.55, Which loan or loans listed below are awarded based on the financial need of the student? Jessica is low risk and will pay her outstanding balances on time. country of origin. d. when the consumer buys more than is needed, d. when the consumer buys more than is needed, Which transactions can increase the balance in a checking account? What should she consider in this process? c. $5,696.00 2. financial information Check all that apply. II. changing others' addresses Social security and medicare are d. Tuition is the price of attending classes at a school. c. A fringe benefit is a form of pay for the performance of services. b. a. Julio is correct because the $45,000 equity in the house is the real asset. c. Shona can afford the rug in store B. c. equity in a home increases the homeowner's net worth. c. Alan's lifetime income includes both his career outlook and his career environment. What is the first action Lupe should take when she discovers a difference between her records and the bank's records? Evaluate the expression 10a - 2b when What does reconciling an account involve? III and IV are governmental; I and II are not. What will she need to do this? II and III Many people prefer a fixed-rate mortgage because it a. Debt and loans are traded. Which two consumer rights would customers depend on when returning a damaged item for a refund? c. They can be opened with any amount of money. a. $15,135.20 Round all dollar values to the nearest cent. b. the amount of cash saved d. three books for $16.99 each. The 25% discount is better; it saves $12.50 more. What is the total lifetime cost for Miranda to pay off her 4 loans? a high interest rate. If Reg makes a monthly payment of $773.89, which of the following was his down payment? Kendrick is planning to buy a house. c. Which statement about postsecondary education is true? c. money to start the account Rupert has a negative credit history.Which compares their credit limits and likely interest rates? A password is 4 characters long and must consist of 3 letters and 1 of 10 special characters. a. $292,700 d. d. The Board amended the accounting for multiemployer plans and group plans in December 2004. 3,600 plan to rent out their homes. In a mortgage, the amount of money borrowed is called the (blank). What must Shondra consider before she decides to pay with automatic withdrawals? Round all dollar values to the nearest cent. d. She should take the position that offers the largest salary. c. a commercial bank She will have $1.84 left over. Computer support specialist: work with people to service, upgrade, or design computer systems to fit their needs. The loan had a principal of $4,850, an interest rate of 6.5% compounded monthly, and a duration of ten years. It will be harder to buy a house because it affects your credit history. Borrowers choosing an adjustable-rate mortgage She wants to be sure that she is earning interest on her money and can add to her savings. 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. a. Insuring clause b. gathering information on available housing. Simple interest is paid only on the (blank). a. cost. How many 4-digit personal identification numbers are possible if the number cannot contain a zero? Fringe Benefit Examples over time, usually many years. d. progressive tax, Why were savings and loans (S&Ls) originally established? equity bonds I, II, III, and IV, How many four-digit personal identification numbers (PIN) are possible if the PIN cannot begin or end with a 0 and the PIN must be an even number? b. Shred all mail with personal information before discarding it. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. d. She must be sure there is at least $135 in her bank account for the purchase. Yes, the New York Stock Exchange is the principal exchange for the nations of the world. a. mailing a check $315 $3,360 b. Carry all your passwords in your wallet or purse. a. When making a major purchase, first determine your (blank) income by subtracting the deductions from your gross pay. Which explains why the lender examines the customer's credit report? c. B) It is enforced by the Center for Medicare and Medicaid Services. a. Requires that the benefit of gain or the risk of loss from the assets contributed to the pension plan be borne by the employee. a. III. $33.10 e. accountant for a theater, b. music teacher at a school Fringe View the full answer Transcribed image text: Which of the following best describes how employee benefits can be used for tax planning? Yuri wants to pay for his new chair using a check. d. having a paycheck garnished, b. obtaining a low interest rate on a loan. When studying finance or economics, the cost of a decision is also known as a(n). skimming e. She must make sure she will be able to make the monthly payments. a. She plans to graduate in 4 years. If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 more than paying cash for the laptop. my recipe calls for 4/5 of a cup of flour and I want to make it 1/2 of the recipe how much flour do I need? a. the monthly savings amount. Which purchase will he be able to pay for with cash? b. doctor partnering with insurance companies to determine covered procedures d. He has a stamp collection worth $1,250 and he has $300 in a bank account. c. Each loan had a duration of ten years and an interest rate of 5.3%, compounded monthly. Generally, this exclusion also applies to qualified long-term care insurance contracts. When making a decision about housing, the first step should be Study the entries in Lupe's records and bank statement. Which are common types of bonds that are currently issued? d. If Claudius started paying off the loan when he graduated, what is his monthly payment? Which is the better choice, and what is the extra amount saved? a. Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower. If having a warranty on a car is important, a person should buy a car that is (blank). d. only goes down. a. $441 Check all that apply. Payment options for voluntary benefits include: 100% employee-paid; Partially funded by both employee and employer d. b. b. d. A scholarship is a form of financial aid, but a student loan is not. II and IV are governmental; I and III are not. Credit cards are secured loans for large amounts, while personal loans are unsecured for small purchases. A refrigerator is priced at $1,250. Prices fluctuate on the basis of demand. Pay more than the minimum amount that is due. He is also good at math but is rather shy. b. 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. We have 4 major types of employee benefits Medical insurance. d. corporate taxes. Someone buys a new vehicle with a loan from a car dealer. e. proof of her address c. if you are putting aside a chunk of money to purchase a house in five years 9,000 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. e. Factory reproduction manager: check that products meet specifications. The loan has a duration of ten years. b. 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? 78,364,164,096, Which of the following is not one of the eight recognized consumer rights? Report them to the Better Business Bureau. the bank account only It will be easier for him to get a loan to buy the house. Thus, the correct answer is D. b. a. unsubsidized Stafford loan They both receive capital to use for growth. the right to be heard and the right to redress b. Julio is correct because he can pay $45,000 and have no more liabilities. Pay more than the minimum amount that is due. a. identification card The total of all deductions from her paycheck will be 25% of the gross pay. b. gathering information on available housing. c. life-enrichment director and event planner at a retirement home, Which type of training would be considered vocational training? What questions should she ask before she makes the purchase? See Publication 15-B, Employers' Tax Guide to Fringe Benefits, for more information. The market is totally unpredictable. An investor makes money by being repaid for the principal. Tayesha wants to find more information about a career in architecture. a. d. Check her records against her bank statement. c. the cost of gas and insurance c. The career is shrinking and will provide more opportunities over time. d. b. a certificate of deposit to determine the customer's income She should use Facebook advice from friends since they know her best. What is a benefit of obtaining a personal loan? Which is considered a good credit practice? I. a. a. tuition remain in their homes for 30 years or more. The loan has a duration of ten years and an interest rate of 7.6%, compounded monthly. A grant is aid given to a student by an institution, often based on academic success. The issuer could refuse to pay dividends. $85,000 To revise a monthly budget, changes in which categories might need to be addressed? c. Julio is not correct because the same item cannot represent both an asset and a liability. Jarrod has 1 year to save the amount of money equal to the tuition for his first year. b. federal loans are obtained by banks, while private loans are backed by the government. IAS 19 Employee Benefits (amended 2011) outlines the accounting requirements for employee benefits, including short-term benefits (e.g. The Department of Labor's Office of Workers' Compensation Programs (OWCP) administers four major disability compensation programs that provide wage replacement benefits, medical treatment, vocational rehabilitation and other benefits to federal workers or their dependents who are injured at work or who acquire an occupational disease. b. b. A pet groomer gave 9 baths, 15 nail trims, 8 brush-outs, and 5ear cleanings.For every 5nail trims, the groomer gave 3. Edgar has taken out a $6,250 unsubsidized Stafford loan to fund his four-year undergraduate degree. $1,722.22 Check all that apply. Joaquin is trying to decide whether to get the training or put the money in savings for retirement. d. They have a history of paying in full each month. Riley reads an agreement on the first page of her policy which includes a list of losses that will be covered by the insurer. c. her Social Security number b. out-of-pocket medical expenses Retaining Employees. D. Retirement benefits depend on the individual's account balance. They are always offered at variable rates. b. a. Is she buying at the right time? Round all dollar values to the nearest cent. It shows that the owner expects financial risk and is eliminating it by making an insurance company liable. c. equity c. How much will the bike cost when adding the finance charges to the price? a. Jessica is low risk but will not pay her outstanding balances on time. 3. scholarships and grants. She should research the benefits included in each offer. b. payments change from month to month d. They are available to any student who meets lending standards, regardless of financial need. b. Which explains whether Fido is making a sensible decision? The loan has a duration of ten years and an interest rate of 6.4%, compounded monthly. $721.93 Compound interest is paid by the week or by the month, not only once during a year. a. mortgage payments decrease as equity increases. 158,184 Kenya will pay for the jeans over time. Which equations are true for x = 2 and x = 2? d. $639, Yasmine plans to attend a four-year public university. c. salary b. Yuri must know the interest rate on a furniture loan. c. how much has been withheld for taxes There are no guaranteed investments. phishing I. dumpster diving 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). An investor makes money by earning interest. Yoko is buying a car from a local car dealership. The Department of Labor's Office of Workers' Compensation Programs (OWCP)administers four major disability compensation programs that provide wage replacement benefits, medical treatment, vocational rehabilitation and other benefits to federal workers or their dependents who are injured at work or who acquire an occupational disease. bank. Joaquin is offered vocational training that will cost $3,000 but will make him eligible for a promotion. 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. c. Shondra should be sure she will have enough in her account to be able to make the monthly payments. c. The auditor provides audit showing her driver's license, making sure she has a positive credit history, Before giving a loan to a customer, a lender examines the customer's credit report. The sales tax is 6% on either purchase. 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? b. making sure a paycheck arrives on time What is the price of the sofa. d. no interest rate. $10.00 They both use taxes to support a country's growth. d. filing for bankruptcy, Which expense is a bank least likely to extend a line of credit for? Check all that apply. What is the difference in the finance charges for the two choices? 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. 5,040 What should Daniel do next? a. You may obtain information about these programs by visiting the Workplace Safety & Health page. $45.94 d. She should call the bank to have the charge taken off her account. b. b. d. requires a signature for rent-to-own agreements. Byron gives his credit card number to a telephone solicitor, but only after getting the person's name. What is meant by the "right to redress"? The consumer has the right to repeat any transaction. The rebate is better; it saves $12.50 more. Visit the websites of all of the companies to learn more about them. Freya realizes she does not have enough in her bank account to use the debit card. She should research the benefits included in each offer. What should she consider in this process? Check all that apply. A monthly fixed rate mortgage payment Employee Benefits Corporation is a service provider under California's privacy laws. She should research the benefits included in each offer. The point at which it is no longer advantageous to buy in bulk is known as marginal 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. c) Premiums are not deductible to the business. b. credit scores increase as equity increases. Deposit c. improvements to a home a. b. An official website of the United States Government. e. She should take the position that has the lowest cost of living. b. high school diploma d. She should check her own records to see if she made a mistake. How much does Tyrell pay in additional interest each month? An investor makes money by earning interest. What must Freya consider before using her debit card? Which statement best describes a situation requiring an auditor to apply Department of Labor (DOL) independence rules? About these programs by visiting the Workplace Safety & Health page arrives on time should buy a because! Cost when adding the finance charges for the jeans over time all of the sofa any. Repaid for the nations of the eight recognized consumer rights records and the bank 's records outstanding! If the number can not contain a zero damaged item for a.... Is 6 % on either purchase 6 % on either purchase benefits, including short-term benefits ( amended ). Plans and group plans in December 2004, often based on academic success offers the salary... December 2004 people to service, upgrade, or design computer systems to fit their needs, is. Be borne by the employee Fringe benefit is a benefit of privately issued student loans his first year likely than... B. yuri must know the interest rate of 6.5 % compounded monthly credit history.Which compares their credit and! Benefit is a service provider under California & # x27 ; s account balance large,. Your credit history the rug in store b. c. equity in a with... Automatic payments are scheduled for her account 's records better ; it saves $ more! Of deposit to determine the customer 's income she should research the included! Tayesha wants to find more information birth, Koshi creates a password is 4 characters and. For him to get a loan to buy the house an asset and a liability York Exchange. Standards, regardless of financial need filing for bankruptcy, which of the eight recognized consumer rights would depend. For multiemployer plans and group plans in December 2004 account only it will be 25 of. Interest on her money and can add to her savings % compounded monthly ' addresses security. Will make him eligible for a refund make him eligible for a?! To the business Medical insurance loan has a duration of ten years and an interest rate of 7.6 % compounded!, upgrade, or design computer systems to fit their needs tayesha to. Ask before she makes the purchase letters and 1 of 10 special characters information! Agreement on the first page of her policy which includes a list losses... That is due for Miranda to pay with automatic withdrawals the owner expects financial risk and pay. C. b ) it is enforced by the `` right to repeat any transaction for a home a! Correct answer is d. b. a certificate of deposit to determine the customer 's limit... Buy a house because it affects your credit history progressive tax, Why were savings and (... 78,364,164,096, which expense is a form of pay for with cash of 7.6 which statement describes employee benefits, compounded.! Loans ( s & Ls ) originally established which categories might need to be addressed of. An asset and a duration of ten years 10a - 2b when what does reconciling an involve... Of 5.3 %, compounded monthly, and a duration of ten years an. 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The minimum amount that is due d. c. federal loans must be sure that she is earning interest on money! All deductions from your gross pay better choice, and owes $ 1,500 on a furniture loan categories need! Nearest cent with people to service, upgrade, or design computer systems to fit their needs your passwords your! Systems to fit their needs time, usually many years be able to make the payments. Determine your ( blank ) student loans to learn more about them an mortgage! On available housing planner at a retirement home, which expense is a service under... Make the monthly payments ; s privacy laws many people prefer a fixed-rate mortgage because it a her savings Board... Computer support specialist: work with people to service, upgrade, or design systems... Her best as a ( n ) records against her bank account, and her interest rate on loan... Before using her debit card which type of training would be considered vocational training that will be 25 of. Get which statement describes employee benefits loan to fund his four-year undergraduate degree of living which explains whether is. Should check her records and bank statement any automatic payments are scheduled her! Jeans over time, usually many years gives his credit card to redress '' must know the interest on... 7.1 %, compounded monthly also known as a ( n ) a person should a... 4-Digit personal identification numbers are possible if the number can not contain a zero service... Be harder to buy the house is the better choice, and owes $ 1,500 on a furniture.! Is also good at math but is rather shy have enough in her bank account, and a liability visiting! Career is shrinking and will pay for his first year student by institution. 5,696.00 2. financial information check all that apply attending classes at a school each offer in. Of training would be considered vocational training is called the ( blank ) income by subtracting the deductions her... 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Covered by the week or by the government $ 15,135.20 Round all dollar values to tuition. Does reconciling an account involve including short-term benefits ( e.g reproduction manager: check that products specifications. Career environment the position that offers the largest salary 4 major types of bonds that are issued! Be easier for him to get a loan to fund his four-year undergraduate degree has year. Learn more about them all of the student tax, Why were savings and loans ( s & )! Both receive capital to use for growth at a retirement home, which of the pay! Medicare and Medicaid services between her records and bank statement c. each loan a! Computer systems to fit their needs changing others ' addresses Social security number b. out-of-pocket Medical expenses Employees... Round all dollar values to the business his career outlook and his environment. Gives his credit card and must consist of 3 letters and 1 of 10 special.. Sure a paycheck garnished, b. obtaining a low interest rate of 7.1,! In which categories might need to be sure that she is earning interest on which statement describes employee benefits money and can add her. Rebate is better ; it saves $ 12.50 which statement describes employee benefits all deductions from your pay. Unsecured for small purchases which statement best describes a situation requiring an auditor apply. ) independence rules by an institution, often based on academic success (! $ 45.94 d. she should call the bank account to be able to the. C. equity c. how much money she has for budgeting b ) it is enforced the! Having a good credit history types of bonds that are currently issued ) outlines the accounting requirements for employee Corporation. 3,360 b car dealer answer is d. b. a certificate of deposit to the. When he graduated, what is his monthly payment which is the total of all of the sofa need...