PBMF21 SP Final 26-50

16 -Costs that occur on a regular basis and are for the same amount each time (month/week). Examples include rent, mortgage and insurance

• variable expense

• personal assets

• fixed expense

• gift tax

16 -The agency responsible for collecting federal income tax.

• Federal Trade Commission

• OSHA

• Small Business Administration

• Internal Revenue Service

16 -What would a Laptop be classified as?

• Asset

• Liability

16 -What would your car loan be classified as?

• Asset

• Liability

17 -The FDIC insures all accounts in the same name at each bank up to an amount of?

• $50,000

• $1,000,000

• $100,000

• $250,000

17 -What type of endorsement is pictured in the attached image?

• Special endorsement

• Two signatures required

• Restrictive endorsement

17 -What is circle #10 on the attached image?

• Payee

• Drawee

• Bank Routing #

• Check number

17-What is circle #2 on the attached image?

• Payee

• Drawee

• Bank Routing #

• Check number

17-What is circle #8 on the attached image?

• Payee

• Drawee

• Bank Routing #

• Check number

17 - Using a debit card is similar to writing a check

• True

• False