Final Part 4 Flashcards
Planning,organizing, implementing and evaluating is the correct sequence of this process.
Management Process
You begin to put your priorities into action by doing this.
setting goals
This is the agency that enforces laws against dishonest advertising.
FTC
Standards for meat, poultry, and canned fruits and vegetables are set by which agency?
USDA
This is a type of 3rd party dispute resolution program which is generally binding.
arbitration
A formal letter of complaint would most likely be sent to..
A manager
Unemployment benefits are primarily funded by…
businesses
A typical repayment period for a mortgage is all of the following EXCEPT…
5 years
A basic homeowners insurance policy would cover the following EXCEPT…
a flooded basement
All of the following would affect the cost of homeowners insurance EXCEPT…
How much you paid for your house
One-time finance charges paid at the beginning of the loan is which of the following?
Closing costs
The standard deduction as of 2022 for a single person is…
$12,550
Deductions from your paycheck do not include
Unemployment taxes
In Illinois the state income tax is what type of tax
flat
The federal income tax rate is what type of tax…
progressive
Currently what is one of the largest expense for teenagers?
Food
To figure out your total expenses for a month, you…….
add up your actual expenses
What is the tax form that records your earnings and withholdings for the year?
W-2
How do you sign a restrictive endorsement?
For Deposit Only, account #, Signature
This forms provides the employer information to determine the amount withheld from a paycheck.
W-4
If you report a debit card lost or stolen after 45 days, how much could you be liable for?
up to $500
A 1099-INT needs to be sent …
by January 31st
Who provides COBRA insurance?
An employer
The amount you pay for insurance coverage is called what?
A premium
If you double your insurance coverage, it will have what effect?
It will increase the premium
