Final Exam Study Guide

Front

Class Period: 1st, 2nd, 3rd, 4th

Back

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Front

Attaining a higher skill level to increase your usefulness to your employer is called

Back

lifelong learning.

Front

For employees, the Social Security deduction is withheld at the rate of:

Back

6.2 percent of the first $117,000 earned.

Front

Your filing status on your tax return is based on: a. your occupation., b. your marital status., c. your age., d. your income.

Back

your marital status.

Front

All of the following information would be appropriate for inclusion in a resume except...

Back

personal information, including age, gender, and marital status.

Front

In a balanced budget,

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expenses = savings.

Front

Most financial experts recommend that a family have fixed expenses of no more than

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50 to 60 percent of net pay.

Front

Which of the following is a variable expense? grocery bill, insurance premium, car loan, rent

Back

grocery bill

Front

Which of the following would be considered an asset? a car loan, a checking account, a credit card account, all of the above are assets

Back

a checking account

Front

The IRS has the legal right to audit your tax returns and supporting records for ___ years from the date of filing.

Back

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