Chapter 8 Flashcards
1
Q
How employees provide income tax deductions to employers
A
completing and submitting a W-4 Form
2
Q
Who imposes sales tax?
A
states and local governments
3
Q
of credits needed receive SS benefits
A
40 credits
4
Q
What causes reduction/increase in SS benefits?
A
if you make more than your spouse, it will increase
5
Q
Waiting period for disability SS eligibility
A
six months
6
Q
Truth in Lending Act
A
safeguards consumer from creditor manipulation at the onset of a credit contract
7
Q
Fair Credit Reporting Act
A
lenders require accurate information when determining whether a borrower is a good credit risk
8
Q
Legal implications non-attendance at school
A
truancy
imposed on the parent
9
Q
Alternatives to public education
A
Charter schools, homeschooling, private schools
