(1.0 points) Workers' compensation, Veterans' benefits 2. What is life insurance? (0.5 points) Insurance that protects your family against the negative financial impact, caused by your death 3. Which tax provides federal funding for unemployment insurance? (0.5 points) Federal Unemployment Tax Act (FUTA) 4.
(0.5 points) The time value of money is the assumption that money is worth more the sooner it is received. Name a strategy for saving money. (0.5 points) A money market Lesson 2 (3.0 points) What is investing? (0.5 points) Investing is when you give your money, time, or energy to something in order to get a reward in the future--usually a financial reward. What is financial risk?
3. Social Security pensions are financed by voluntary contributions by workers. 4. The gross replacement rate measures the ratio of taxes paid per year by workers to their annual Social Security pension when they retire. 5.
Week 8 : Final Week - Final Exam Page 1 1. (TCO C) Which of the following characteristics do intangible assets possess? (Points : 5) Physical existence Claim to a specific amount of cash in the future Long-lived Held for resale 2. (TCO C) The cost of purchasing patent rights for a product that might otherwise have seriously competed with one of the purchaser's patented products should be (Points : 5) charged off in the current period. amortized over the legal life of the purchased patent.
reliability of measurements. : 4 5 of 5 Question 9. Question : (TCO 5) A voluntary change in accounting principle is accounted for by: a cumulative effect on income in the year of the change. a retrospective reporting of all comparative financial statements shown. a prior period adjustment.
A projection is, what something will be doing, or be 'at' during a set time in the future, IF things keep happening the way they are now. 5. What is a will? A written statement (with the help of a lawyer) that explains the distribution of your earthly items once you die. Lesson 2 (3.0 points) 1.What is a tax?