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HR BLOCK BUDGET CHALLENGE QUIZZES WITH COMPLETE ANSWERS

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HR BLOCK BUDGET CHALLENGE QUIZZES WITH COMPLETE ANSWERS

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Which of the following choices will be 'locked' when the simulation launches (starts)?


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Vendor selections (Cable, Cell, Auto Loan, Auto Ins, Student Loan, Utilities,
Credit Card)




What does In-Private (or Incognito) browsing do?


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It allows the storage of some cookies and internet files so that webpages
will still work correctly, but at the end of the in-private browsing session,
this info is disguarded

,Increasing your 401k deduction will ________ your take-home pay and __________ your
federal taxes in the current year.


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decrease, decrease




Increasing W-4 allowances will __________ the net pay in your paycheck and ___________ your
total tax burden.


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Increase, not change




Which of the following are fast ways of improving your credit score (within 60 days)?


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All answers except cancelling credit cards can quickly improve credit score




Sara earned $2,500 as a life guard over the summer. This was her only job and income
taxes were deducted from her paychecks by her employer. For filing a tax return,
what should Sara do?


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, Sara should file a tax return. Sara is not legally required to file because her
income is less than the minimum requirement for filing, but if she does, she
can get all of her taxed money refunded.




Which of the following is a type of program that is designed to collect info about you
and send it to a remote user without your knowledge?


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Spyware




Assume a home buyer puts 20% down on a $250,000 house and uses a mortgage to
borrow the rest. What will the amount of the mortgage be (excluding any closing
costs)?


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$200,000




How much did John save in his 401(k) in the 2014 tax year?


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$2,113.29

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