(0.5 points) Life insurance protects your family against the negative financial impact that would be caused by your death. 3. Which tax provides federal funding for unemployment insurance? (0.5 points) The Federal Unemployment Tax Act 4. What is liability insurance?
Give at least two examples of types of state taxes. (1.0 points) Social Security taxes and Federal Insurance Contributions Act (FICA) tax. 5. What is a pay stub? (0.5 points) Each time a company pays you, you'll receive a short summary of the amount of your gross pay, and the amount of payroll withholding for that pay period Lesson 3 (3.0 points) 1.
(0.5 points) 5. What is a debt settlement program? (0.5 points) Debt settlement programs are programs that claim they can get you out of debt by negotiating your debt to a much lower amount and working out a payment plan with your creditors. 6. What is
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.
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.
POS members may choose from a primary or secondary network. Furthermore, if a doctor refers a patient out of the network, usually the plan pays all or most of the bill. If a POS member refers themselves to doctors or specialists outside the network, they will have to pay a predetermined amount of coinsurance. POS plans charge an annual premium and a copayment for office visits ( Valerius et al,