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Final Review 2
Quiz by Lorie Blevins
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5 questions
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- Q1Which tax may or may not be withheld from your paycheck depending on where you live?FICAFederalStateAll are mandatory withholdings30s
- Q2Which statement is not true about extended warranties?Only 12% of the warranty covers the statistical probability of the item breakingYou are better off to self-insure through your emergency fundWarranties are like insurance in that they transfer the riskMost warranties are about 50-60% commission30s
- Q3A written cash flow plan is done every:MonthThree monthsTime your income changesSix months30s
- Q4Sending in a proof of purchase to get free gifts or cash back is called:Online negotiatingInstant mailingCouponingRebating30s
- Q5Why 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 comfortablyAll of the aboveThe system may not be able to pay promised benefits in the future.You are depending on another to take care of you30s