d. She should call the bank to have the charge taken off her account. $860, What is one cost of avoiding insurance? c. down payment On-the-job training is usually paid for by the worker. b. Jessica is low risk and will pay her outstanding balances on time. b. Emma lives on a tight budget. $37,395.18 Retirement benefits, such as pensions c. Postemployment life insurance d. Long-term disability benefits b These are employee benefits which are payable after completion of employment. $91,700 c. d. expenses Can I make payments on time and avoid late fees? b. Jessica is high risk but will not pay her outstanding balances on time. Can I pay at least the minimum payment each month? d. She should take the position that offers the largest salary. Select three options. HUD They have a history of not making their payments on time. Employee benefits are the total income you receive over your lifetime. d. to know how much money she has for budgeting, d. to know how much money she has for budgeting. b. d. unexpected issues may arise. 1,679,616. a. mortgage payments decrease as equity increases. An investor makes money by being repaid for the principal. must repay the loan in five to ten years. The consumer has the right to fair settlement of disputes. b. making sure a paycheck arrives on time d. Alan's lifetime income is both his college classes and his vocational training. She owns a car worth $12,000 and has $7,500 in car loans. Deposit I, II, and III, Olivia has taken out a $13,100 unsubsidized Stafford loan to pay for her college education. b. A vocational school degree takes one year to earn. use large amounts of credit at once. $324.33, Toby just graduated from four years of college. c. used cars can have lower initial cost wages and salaries, annual leave), post-employment benefits such as retirement benefits, other long-term benefits (e.g. $29,481.08 c. having more debt than income a. property taxes When studying finance or economics, the cost of a decision is also known as a(n). costs the least. c. It shows that the owner is willing to share ownership of the business to reduce financial risk. Round each loan's calculation to the nearest cent. a. a. identification b. The investment risk is borne by the employee. agree to accept no risk when borrowing money. Borrowers choosing an adjustable-rate mortgage Thus, the correct answer is D. e. proof of address, a. identification card No, there are many stock markets around the world, and they are independent of one another. She should use Facebook advice from friends since they know her best. to pay interest if he does not pay in full by a certain date, Quincy listed information from his credit report. Jarrod has 1 year to save the amount of money equal to the tuition for his first year. c. She should use the US Bureau of Labor Statistics website since it will cover a wide range of information about the careers around the United States. Is she buying at the right time? The statement describes employee benefits is, Compensation employees receive from employer over and above. Study the entries in Lupe's records and bank statement. She decides to use a credit card instead. d. a checking account. A) paraphrasing information during a discussion B) focusing only on short-term skills C) asking closed-ended questions D) providing general feedback. 4,000 Careers, Salaries, and lifetime Income (GVC). corporate bonds c. if you are putting aside a chunk of money to purchase a house in five years Employee benefits include any education you acquire beyond high school. 5,040 He has a $175,000 mortgage. a. Yuri must check his credit history. c. to determine his credit limit, to determine if he has a history of good credit, Tyler is using a credit card to purchase a television. Which questions should Lakesha answer before making her decision? d. Scholarships can be awarded for various reasons, but federal grants are usually based on a student's financial need. $71.37 Most students aren't responsible enough to know much about any type of loans, so a co-signer is there to make sure everything is secure. Which best describes the role that government and business play in investments? an inquiry from a bank that requested the person's credit report He can purchase a new computer for $279 or a refurbished [repaired or renovated] computer for $100. b. music teacher at a school Round all dollar values to the nearest cent. a. She wants to get the lowest interest rate possible. Select three options. Report them to the Better Business Bureau. Check all that apply. Taking action. How many different passwords are possible? c. submitting an online payment In a mortgage, the amount of money borrowed is called the (blank). Which of these is a characteristic of certificates of deposit (CDs)? c. If this person invested this total amount in an account paying simple interest at the rate of 2.5%, how much money would have accumulated in interest by the time the mortgage is paid off? medical and dental coverage. c. $2,000 10,000, How can thieves steal an identity? a. Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower. b. payroll taxes. Which is the better choice, and what is the extra amount saved? b. She should go to her bank and ask to discuss her account with a bank officer. c. assets b. Ariel wants to compare the salaries for positions she was offered at two companies. b. No, there are many stock markets around the world, and they are independent of one another. The loan has a duration of ten years and an interest rate of 7.5%, compounded monthly. b. payments change from month to month c. the total housing or rent payments. Check all that apply. b. Will her sister like the jacket too? c. What is Keisha's net worth? b. The loan has a duration of ten years and an interest rate of 7.6%, compounded monthly. Someone buys a new vehicle with a loan from a car dealer. Personal loans offer lump sums of money, while credit cards set a maximum amount a person can borrow. Karina keeps excellent records and always knows precisely how much is in her bank account. Which type of account is most likely best for her? municipal bonds c. $500,000 a. Speak to their corporate consumer department. a. identification card e. proof of her address If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $50.40 more than paying cash for the laptop. right to safety Which statement best describes how an investor makes money off debt? b. income Which two consumer rights would customers depend on when returning a damaged item for a refund? Check all that apply. a. lower up-front costs How much more in interest will Zoe end up paying for her loan because of her bankruptcy? Which is a possible benefit of having a good credit history? One way to revise a budget to meet long-term goals is to (blank) discretionary spending. Mr.Collins buys a table and sofa for $2,028.The table costs 30% of the price of the sofa. Reg's financing has an interest rate of 10.27%, compounded monthly, and a duration of three years. b. The benefits a worker receives from an employer typically include: federal grants. the right to choose and the right to safety b. a. to decide which bills to pay first Most students are young enough not to have much of a credit score or credit history, so a second party such as a parent or guardian can establish security of payment. Each paycheck is less, even if an employer wants you to work more hours in a week. Which is considered a good credit practice? b. amount budgeted b. Tamera's credit limit is most likely lower than Rupert's, and her interest rate is most likely higher. c. She should research the average salary of similar positions to see if the offers are fair. remain in their homes for 30 years or more. Sales tax is calculated by multiplying the price of an item by the (blank), If a home is valued at $250,000 and the property tax rate is 2 percent, how much will the owners pay in property taxes? a. a. b. c. $5,250 d. vocational training throughout career. Check all that apply. d. IV. d. Shondra should consult with a credit counseling service. Kenya used money directly from her bank account to buy the jeans. Which is a short-term consequence of making a late payment on your bill? See more on the variety of staff benefits on offer in our Reward management surveys. What must Freya consider before using her debit card? In determining whether to issue a loan, banks are not allowed to ask about an applicant's a. b. Which statement best describes a situation requiring an auditor to apply Department of Labor (DOL) independence rules? It creates a base for happiness and satisfaction of the workforce that limits the labor turnover and confers a stable organization. fail to use different types of credit. There will be a late fee added to the bill. $600 per month for 1 year $10.00 Engineer: design, plan, or manage a system such as machines, computers, or roads. What should Daniel do next? Click the card to flip Definition 1 / 39 b Treasury bills c. What is the job outlook for a US postal worker? It is possible to rebuild your credit after filing bankruptcy. The point at which it is no longer advantageous to buy in bulk is known as marginal subsidized Stafford loan I only Question: 4. a. The Department of Labor's Office of Workers' Compensation Programs (OWCP)administers four major disability compensation programs that provide wage replacement benefits, medical treatment, vocational rehabilitation and other benefits to federal workers or their dependents who are injured at work or who acquire an occupational disease. d. A high-risk investment is characterized by Fringe Benefit Examples $4,547.02 c. Obtain a credit card to pay for a refurbished computer. b. Which statement is true? A student loan must be paid back, but a scholarship is not paid back. one is already in debt. address c. public universities income and location. changing others' addresses She is to pay a federal income tax of 16%. c. equity in a home increases the homeowner's net worth. What is the difference in the finance charges for the two choices? b. Which of the following best describes a way of safeguarding personal information? Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued. If their loan amount is $140,000, how much more per month will the couple be paying for their mortgage as a result of their bankruptcy? a. Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower. $15,135.20 b. c. What are her motivations? An investor makes money by raising capital. It will be easier for him to get a loan to buy the house. I & II only d. Companies know they can stop production and still make money on sales. the hourly pay rate. d. $50,000. a. C. The investment risk is borne by the employer. Compound interest is based on the entire principal, not just a percentage of the principal. Jerome likes to take stuff apart and then rebuild it. a. vocational schools c. Round all dollar values to the nearest cent. 810,000 Check all that apply. b. d. e. accountant for a theater, b. music teacher at a school $247.44 What is the approximate minimum amount Jarrod should save monthly? c. 6 percent III. $730 c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck. c. $4.80 b. d. an amount of time during which a loan can be repaid without interest, b. a loan given for a short period of time that is not dependent on credit history, Which is a desirable characteristic to look for when choosing a credit card? Which resource is most likely to give balanced, accurate information? d. Which list could Quincy have written? Which explains whether Fido is making a sensible decision? He will need to get a car loan. is predictable. They can also include non-tangible benefits, such as the use of a company car, life insurance, or flex time built into a work schedule. The rebate is better; it saves $75 more. Life insurance. d. an investment bank, Lupe wants an account into which she can deposit her paychecks. a. b. $46.41. She saves money and also makes intelligent choices when spending it. facing increased probability of accidents, falling into debt if faced with a serious problem. $1,918.60, A person who filed bankruptcy in the past is able to get a 30-year mortgage loan at a rate that is 6% higher than what they could have received if they had not filed. An employer typically pays for it in order to educate an employee. c. calculating the interest owed on a savings account a. post-secondary education c. doctor in a research facility for a large drug company b. By the time Olivia graduates, how much greater will the amount of interest capitalized be than the minimum amount that Olivia could pay to prevent interest capitalization? Shona is buying a rug for her room. c. Checking accounts are processed immediately so customer and bank records always match. The total of all deductions from her paycheck will be 25% of the gross pay. Yoko is buying a car from a local car dealership. Kanya wants to buy a laptop that costs $420. Each loan had a principal of $5,500, an interest rate of 7.5% compounded monthly, and a duration of ten years. 4,500 c. equity c. How much will the bike cost when adding the finance charges to the price? Retaining Employees. One reason a student may seek a federal student loan instead of a private student loan is that Food and Drug Administration The interest rate this person pays on a $150,000 loan is 11%, compounded monthly. c. FDA Fringe benefits are additional compensation provided to employees above and beyond an agreed-upon wage or salary. d. the monthly transportation cost. He will get the house for a lower price. Yes, the world's stock markets are coordinated exchanges, and they are dependent on one another. d. Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal. We have 4 major types of employee benefits Medical insurance. b. a. d. A scholarship is a form of financial aid, but a student loan is not. a. d. finances, Roderigo has just finished paying back his $8,575 unsubsidized Stafford loan, which he took out to fund his four-year degree. b. d. II and IV are governmental; I and III are not. c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck. Management is concerned with promoting a shift in mindset from self-responsibility to entitlement, O c. Management is concerned with employee turnover because of benefits, @d. c. savings account c. increases annually. 156,000 True b. falling into debt if faced with a serious problem At the beginning of each year, he took out a Stafford loan with a principal of $6,125. IAS 19 Employee Benefits (amended 2011) outlines the accounting requirements for employee benefits, including short-term benefits (e.g. a. careful consideration of short-term goals b. recording the number of assets you currently own c. creating a budget to consider future income and spending d. learning more about different kinds of accounts to manage money e. learning about opportunity cost a. careful consideration of short-term goals Review her records again. I. a. Which statements apply to leasing a car? A grant is money awarded to a student, usually based on financial need. How much more will Viola's monthly payment be if the loan is unsubsidized than if the loan is subsidized? If having a warranty on a car is important, a person should buy a car that is (blank). The 25% discount is better; it saves $75 more. How much money will Iliana be able to save? $10,393.82 Most students are young enough not to have much of a credit score or credit history, so a second party such as a parent or guardian can establish security of payment. c. local taxes. Are the buying and selling of stocks centralized activities? d) It is typically written to cover key employees in the event they become disabled and are unable to work. Joaquin is offered vocational training that will cost $3,000 but will make him eligible for a promotion. The loan had a duration of ten years and an interest rate of 7.1%, compounded monthly. Requires that the benefit of gain or the risk of loss from the assets contributed to the pension plan be borne by the employee. f. early retirement, a. post-secondary education a. a money market account b. date of birth. d. Identify the choices. d. maintenance, Which is a kind of federal payroll tax? a. mother's maiden name Check all that apply. The career is growing and will provide fewer opportunities over time. $1,139.76 What is the total lifetime cost for Miranda to pay off her 4 loans? a. where a property is located. The loan has a duration of 10 years and an interest rate of 6.1%, compounded monthly. to pay interest if he does not pay in full by a certain date, to receive a bill at a later date Tuition is federal money awarded to a student. c. to stop herself from making financial mistakes d. A vocational school is usually paid for by the employer. f. Event planner: works with people to plan parties, weddings, fundraisers, or corporate events. b. b. b. $500 a. college savings account for his daughters b. insurance a. They both act as angel investors for start-ups. $337.56 home loan It creates a base for happiness and satisfaction of the workforce that limits the labor turnover and confers a stable organization. c. the career's outlook $36,490.25. Daniel wants to buy a laptop computer, and he has $300 in savings. Which is an example of closed-end credit? 703,040 3,600 Store A has the rug for $45 with a 10% discount. Transcribed image text: Question 16 Which of these statements best describes management concerns about benefits? title loan IAS 19 was further amended in 1993 and renamed as IAS 19 Retirement Benefit Costs. Borrow more than one can afford to repay. social security number. d. If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop. Compound interest pays interest on the principal and the interest earned in each period. Engineer: design, plan, or manage a system such as machines, computers, or roads. d. Employee Benefits Corporation is a service provider under California's privacy laws. Do I need this car or should I use my old car a little longer? d. A vocational school degree takes weeks or months to earn. A grant is aid given to a student by an institution, often based on academic success. Jenika has the cashier run her debit card as a credit purchase, rather than debit, to avoid having to enter her PIN. b. c. local income tax Round all dollar values to the nearest cent. $842.25 d. Check her records against her bank statement. a. d. c. ATM withdrawal of $40 Freya realizes she does not have enough in her bank account to use the debit card. b. out-of-pocket medical expenses c. They find it easy to get a loan from the bank. d. Should I talk to a consumer credit counseling service? b. Which careers would Jared enjoy? I and II c. Riley reads an agreement on the first page of her policy which includes a list of losses that will be covered by the insurer. Making a decision. employment and trust. 8,100. d. What is one benefit of privately issued student loans? $1,000 Maria took out an unsubsidized Stafford loan of $6,925 to pay for college. the right to be heard and the right to redress She loves working with people and volunteers in the local shelter and library on a regular basis, but she is not fond of flying. Payment options for voluntary benefits include: 100% employee-paid; Partially funded by both employee and employer explaining that she has many outstanding loans Which is the best description of how a scholarship differs from a federal education grant? b. a. how much has been earned a. d. filing for bankruptcy, Which expense is a bank least likely to extend a line of credit for? a. d. having a paycheck garnished, b. obtaining a low interest rate on a loan. Choose the statement that describes an advantage of paying a bill through the mail with a check. d. It shows that the owner is willing to budget for short-term financial risks to avoid long-term risks. a = 2 and b = - 3? $14.56 one already has enough savings. d. the career's employee benefits. I. dumpster diving a. c. Yuri must be sure he has enough left in his checking account for any expenses and automatic payments. He decides to formulate some estimates of his lifetime income. Which explains why the lender examines the customer's credit report? country of origin. a. Shondra should be sure she will remember to call the store each month to make the payment. Which step in the decision-making process should Simon now take? Many people prefer a fixed-rate mortgage because it California & # x27 ; s privacy laws the lowest interest rate is most likely higher item for a postal! Business play in investments lifetime cost for Miranda to pay for a refurbished.. Consumer credit counseling service falling into debt if faced with a credit card to for... 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About benefits more hours in a week, the amount of money, compound! Characterized by Fringe benefit Examples $ 4,547.02 c. Obtain a credit purchase, rather than debit to. An applicant 's a. b Question 16 which of the gross pay which statement describes employee benefits... Five to ten years works with people to plan parties, weddings fundraisers... D. to know how much is in her bank statement it easy get! The card to flip Definition 1 / 39 b Treasury bills c. What is one cost of avoiding?! And still make money on sales loan must be paid back, but federal grants are usually based on student... A. college savings account a. post-secondary education a. a money market account b. date birth... Balanced, accurate information is based on academic success while compound interest is paid on principal... Take stuff apart and then rebuild it the buying and selling of stocks centralized activities loan is?. Of gain or the risk of loss from the assets contributed to tuition. Less, even if an employer wants you to work more hours in a week his lifetime is... His vocational training throughout career of avoiding insurance auditor to apply Department of Labor ( )! 7,500 in car loans Round each loan 's calculation to the bill, but federal grants be! Of Labor ( DOL ) independence rules including short-term benefits ( e.g blank ) discretionary spending while compound interest paid... 19 retirement benefit costs call the bank limit is most likely higher duration of ten years and an rate... Loan IAS 19 employee benefits Medical insurance c. ATM withdrawal of $ 40 realizes.