Q4 fin test

The number that is being used to file the employee's taxes

• EIN

• #37

• Social Security Number

• Control Number

If Pedro Sanabria de los Rios saves $5000 in the bank and the bank is paying him 8% interest annually compounded quarterly, which of the following would calculate how much he would have at the end of 5 years?

• $5000= FV(1+.08)^5

• $5000 = FV(1+.04)^20

• FV= $5000/(1+.02)^5

• FV=$5000(1+.02)^20

The amount of earned income that is taxable for Social Security, up to the current limit on wages

• Federal income tax withheld

• social security wages

• medicare wages

• wages, tips, and other compensation

This amount includes the total dependent care benefits that your employer paid to you or incurred

on your behalf.

• non qualified plans

• department dependants

• dependent care benefits

• Unqualified withholdings

Tags

CCSS.RI.11-12.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.8.7

CCSS.RL.9-10.7

This is the amount of earned income that is taxable for State Income tax only.

• Local wages

• municipal wages

• locality name

• state income tax

the amount the employee earns before taxes, benefits and other payroll deductions are

withheld from their pay.

• net pay

• gross pay

• required pay

• municipal pay

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

The ___________ is assigned to you by the IRS and should be the same number

that you use on your federal employment tax returns

• social security number

• employer identification number

• filing number

• Medicare number

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

A type of retirement plan that does not meet the IRS requirements to be tax sheltered.

• No responsibility

• nonqualified plans

• dependent care plan

• minimum requirement

Which of the following would calculate the amount that Jesus would have to save today if he wanted to have $33,000 in 33 years if the bank was paying him 3% compounded annually?

• $33,000=PV(1+.03)^33

• $33,000=FV(1+.33)^33

• $33,000=FV(1+.03)^33

• $33,000=FV/(1+.03)^33

From a housing manufacturer: the cost of wood has increased.

• Supply increase

• Supply decrease

• Demand Increase

• Demand Decrease