Wise test questions with complete solutions, Exams of Science education
budget variance. - ANSWERthe difference between the budgeted amount and
the actual amount that you spend
debt ratio - ANSWERshows the relationship between debt and net worth.
debt ratio - ANSWERThe lower the ratio the better off financially the person
is.
debt ratio - ANSWERcalculated by dividing liabilities by net worth
excise tax - ANSWERgovernment imposes a tax on specific goods and services
such as alcohol, cigarettes, gasoline, and airline
capital gains - ANSWERare profits made from the sale of capital assets such as
stocks and bonds
Capital gains - ANSWERtax deferred until the asset is sold,
, Capital Gains Tax - ANSWERIf held over one year are considered long-term
capital gains and are taxed at a lower tax rate or in some cases are not taxed
at all.
variable expenses - ANSWERchange from one period to another,examples
Electricity and food expenditures
get advice from your friends - ANSWERwill help you the least in managing
your money?
Financial planning - ANSWERthe process of developing and implementing a
coordinated series of actions to achieve financial success.
Financial planning - ANSWERneed to be reviewed and adjusted to
accommodate changing needs and goals.
emergency fund - ANSWERShould be an important consideration when
saving money
liquidity - ANSWERbeing in cash or easily convertible to cash, How easily an
asset can be converted into cash
Social Security - ANSWERbenefits depends on the person?s earnings over a
lifetime of work
Department store charge cards. - ANSWERopen-end credit
budget variance. - ANSWERthe difference between the budgeted amount and
the actual amount that you spend
debt ratio - ANSWERshows the relationship between debt and net worth.
debt ratio - ANSWERThe lower the ratio the better off financially the person
is.
debt ratio - ANSWERcalculated by dividing liabilities by net worth
excise tax - ANSWERgovernment imposes a tax on specific goods and services
such as alcohol, cigarettes, gasoline, and airline
capital gains - ANSWERare profits made from the sale of capital assets such as
stocks and bonds
Capital gains - ANSWERtax deferred until the asset is sold,
, Capital Gains Tax - ANSWERIf held over one year are considered long-term
capital gains and are taxed at a lower tax rate or in some cases are not taxed
at all.
variable expenses - ANSWERchange from one period to another,examples
Electricity and food expenditures
get advice from your friends - ANSWERwill help you the least in managing
your money?
Financial planning - ANSWERthe process of developing and implementing a
coordinated series of actions to achieve financial success.
Financial planning - ANSWERneed to be reviewed and adjusted to
accommodate changing needs and goals.
emergency fund - ANSWERShould be an important consideration when
saving money
liquidity - ANSWERbeing in cash or easily convertible to cash, How easily an
asset can be converted into cash
Social Security - ANSWERbenefits depends on the person?s earnings over a
lifetime of work
Department store charge cards. - ANSWERopen-end credit
