Rate x Hours worked =

If you are a salaried worker

For the employees, the social security deduction is withheld at the rate of

In most cases the amount of “Take home pay” an employee receives is

Which of the following benefits are employers required by law to provide

A type of incentive pay based on quality of work done or years of service on the job is called a

Members of this type of union are skilled, semiskilled

, or unskilled employees in a particular industry

In a flexible scheduling arrangement the core time period is

A work schedule that fits the normal 40 hour week into less than five days is called

The largest source of government revenue in the united states is

A tax for which the rate stays the same regardless of income is called a

In the united states, the power to impose federal taxes rests with

In this kind of audit, the IRS sends a letter to the taxpayer asking him or her to answer specific questions about the tax return

Which of the following is an example of a flat tax

In the united states the responsibility for filing a tax return rests with the individual. This defines the concept of

your filing status on your tax return is based on

which of the following is an example of non taxable income

a tax ____ is an amount subtracted directly from the tax owed

You must file your return by this date every year

when preparing a budget you need to focus mostly on your

In a balanced budget

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

which of the following is a variable expense

Which of the following would be considered an ASSET

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

When one person makes an offer and another person changes it ,the second person is

Which of the following contracts must be signed to be legally binding

A person who creates and signs the promissory note and agrees to pay it on a certain date is called the

a computer program that organizes data in columns and rows and can perform calculations using the data is called a

The person to whom a check is payable is called the

When a check is returned to the payees bank due to insufficient funds , the check is said to have

When you open a checking account most banks will require you to have an initial deposit of at least

Which part of a check provides a place for you to write the purpose of the check

Darren writes a check to the phone company for $45.60. He should record this amount in his checkbook register in the

a check is written to taylor thomas on the back of the check, taylor writes “pay to the order of rose dryer” then signs his name. what kind of endorsement is that

A check is written by a bank on its own funds is called a

an interest bearing checking account that pays a higher rate of interest than a usual account but typically has more restrictions is called a

A request that a bank not honor a specific check is called a

A person or institution that manages property for the benefit of someone else under a special agreement is called a

The need for credit arose in the United States with the dawn of

Which of the following transactions would likely be difficult to make without a credit card

Tammi wants to buy a new stereo system. She finds one for $500 at stereo city. She withdraws $250 from her account at first national bank and obtains a loan from her parents for the rest of the amount. Then she purchases the stereo. In this scenario, who is the debtor.

Your financial position is based on your

The total dollar amount of all interest and fees you pay for the use of credit is called the

A service available to charge customers whereby purchases are not billed until much later than the standard billing time is called

One difference between a charge card and a credit card is that

if you go over your credit limit or make your payment late you will likely be charged a (n)

Which of the following is a least likely to offer service credit

a legal business that makes high interest loans based on the value of personal possessions is called a

Credit reports are issued by

A consumer request that requires the credit bureaus to deny all access to a consumers credit information or files is called a

credit bureaus gather information from businesses, called ____ that pay a monthly fee to the credit bureau.

Which of the following might be included in your credit report

The financial ability to repay a loan with present income is known as

which of the following is often the first step people take to establish a good credit record

The consumer financial protection bureau was created by the

Simon pays his bills on the due date or within a ten day grace period . This would probably earn him a

On a FICO score, new credit is rated based on

This law requires lenders to fully inform consumers about all costs of a credit purchase before an agreement is signed