Question

There are 11 questions for 15 points! This is about Personal Finance! Please help if you can all answers are needed! Thanks!

1.) Which of the following is a Financing goal?
A.) Learning to play violin
B.) Graduating from Highschool
C.) Renting an apartment
D.) Becoming a banker

2.) Which of the following is an unexpected expense?
A.) Car repairs
B.) Groceries each month
C.) A water bill
D.) New clothes

3.) What does a persons will list?
A.) What their current finance goals are
B.) What their plans for retirement are
C.) What types of insurances they have
D.) What should happen to their finances after they die

4.) Which of the following is an example of earned income?
A.) Wages
B.) Transfer payments
C.) Investments
D.) Gifts

5.) How might taxes have an impact on your financial plans?
A.) Taxes control how much income you keep
B.) Taxes control the rate of inflation
C.) Taxes don't apply to money you add to your financial reserve
D.) Tax impact how high interest rates are

6.) What are Social Security taxes used for?
A.) Unemployment
B.) Building of schools and playgrounds
C.) Medical benefits for people 65 and over
D.) Income for retired or disabled people

7.) What is a tax bracket?
A.) Way government calculates tax returns
B.) Form used to file taxes
C.) Rate of sales tax in a state
D.) Rate at which income is taxed

8.) What type of information is required on a 1040EZ form?
A.) Financial projection for the next year
B.) Your gross and net income from previous year
C.) Your bank statements from the previous year
D.) List of each purchase made in the previous year

9.) Which of the following is a variable expense?
A.) Groceries
B.) Rent on an apartment
C.) Car payment
D.) Gym membership

10.) What is a financial reserve? (explain in brief)

11.) What does a wholesaler do?

Answer 1

1. c renting the apartment
2. d new clothes
3. d . what should happen to their finance after die
4. a wages
5. a taxes control income to your control
6. b building of schools
7. a way government calculated tax returns
8. d list of each purchase every year
9. a groceries
OK

Answer 2

Hey Mate ⭐✋⭐

Here's ur answer ⤵

1.) Which of the following is a Financing goal?

C.) Renting an apartment

2.) Which of the following is an unexpected expense?

A.) Car repairs

3.) What does a persons will list?

D.) What should happen to their finances after they die

4.) Which of the following is an example of earned income?

A.) Wages

5.) How might taxes have an impact on your financial plans?

A.) Taxes control how much income you keep

6.) What are Social Security taxes used for?

D.) Income for retired or disabled people

7.) What is a tax bracket?

D.) Rate at which income is taxed

8.) What type of information is required on a 1040EZ form?

B.) Your gross and net income from previous year

9.) Which of the following is a variable expense?

A.) Groceries

10) What is a financial reserve?

An amount of money that's been set aside for emergencies

11) What does a wholesaler do?

Purchases products in bulk and then sells them to other retailers

Hope it helps you! ヅ

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