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Final Review 2

Quiz by Lorie Blevins

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Q 1/5
Score 0
Which tax may or may not be withheld from your paycheck depending on where you live?
29
FICA
Federal
State
All are mandatory withholdings

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5 questions

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Q1
Which tax may or may not be withheld from your paycheck depending on where you live?
FICA
Federal
State
All are mandatory withholdings
30s
Q2
Which statement is not true about extended warranties?
Only 12% of the warranty covers the statistical probability of the item breaking
You are better off to self-insure through your emergency fund
Warranties are like insurance in that they transfer the risk
Most warranties are about 50-60% commission
30s
Q3
A written cash flow plan is done every:
Month
Three months
Time your income changes
Six months
30s
Q4
Sending in a proof of purchase to get free gifts or cash back is called:
Online negotiating
Instant mailing
Couponing
Rebating
30s
Q5
Why do you plan for retirement instead of relying on Social Security to take care of you?
Monthly Social Security benefits are not going to be enough to live on comfortably
All of the above
The system may not be able to pay promised benefits in the future.
You are depending on another to take care of you
30s

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