Final Part 4

Question 1

Planning,organizing, implementing and evaluating is the correct sequence of this process.

Answer 1

Management Process

Question 1

You begin to put your priorities into action by doing this.

Answer 1

setting goals

Question 2

This is the agency that enforces laws against dishonest advertising.

Answer 2

FTC

Question 3

Standards for meat, poultry, and canned fruits and vegetables are set by which agency?

Answer 3

USDA

Question 4

This is a type of 3rd party dispute resolution program which is generally binding.

Answer 4

arbitration

Question 5

A formal letter of complaint would most likely be sent to..

Answer 5

A manager

Question 6

Unemployment benefits are primarily funded by…

Answer 6

businesses

Question 7

A typical repayment period for a mortgage is all of the following EXCEPT…

Answer 7

5 years

Question 8

A basic homeowners insurance policy would cover the following EXCEPT…

Answer 8

a flooded basement

Question 9

All of the following would affect the cost of homeowners insurance EXCEPT…

Answer 9

How much you paid for your house

Question 10

One-time finance charges paid at the beginning of the loan is which of the following?

Answer 10

Closing costs

Question 11

The standard deduction as of 2022 for a single person is…

Answer 11

$12,550

Question 12

Deductions from your paycheck do not include

Answer 12

Unemployment taxes

Question 13

In Illinois the state income tax is what type of tax

Answer 13

flat

Question 14

The federal income tax rate is what type of tax…

Answer 14

progressive

Question 15

Currently what is one of the largest expense for teenagers?

Answer 15

Food

Question 16

To figure out your total expenses for a month, you…….

Answer 16

add up your actual expenses

Question 17

What is the tax form that records your earnings and withholdings for the year?

Answer 17

W-2

Question 18

How do you sign a restrictive endorsement?

Answer 18

For Deposit Only, account #, Signature

Question 19

This forms provides the employer information to determine the amount withheld from a paycheck.

Answer 19

W-4

Question 20

If you report a debit card lost or stolen after 45 days, how much could you be liable for?

Answer 20

up to $500

Question 21

A 1099-INT needs to be sent …

Answer 21

by January 31st

Question 22

Who provides COBRA insurance?

Answer 22

An employer

Question 23

The amount you pay for insurance coverage is called what?

Answer 23

A premium

Question 24

If you double your insurance coverage, it will have what effect?

Answer 24

It will increase the premium