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Exam (elaborations)

H&R BLOCK BUDGET CHALLENGE STAGE 1 VENDOR SELECTIONS & PAYCHECKS QUESTIONS WITH CORRECT ANSWERS

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H&R BLOCK BUDGET CHALLENGE STAGE 1 VENDOR SELECTIONS & PAYCHECKS QUESTIONS WITH CORRECT ANSWERS

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Insurance to protect a car owner in the event of an accident or
damage to a vehicle.




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Auto Insurance




Protects against most types of property losses and liabilities related to home
ownership


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, Homeowners Insurance




This is the number of days after the Due Date that a payment can be received without
a late penalty. Staying with this example, if the grace period was 1 day, then a payment
received on the 20th would not be considered late. However, if the payment was
received on the 21st or after, then late penalties will be assessed.


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Grace Period




Checks that overdraw the checking account will not be processed and a NSF fee will
be charged to the account.
Accounts with a 'per check' fee will be assessed this fee on each check that is
processed.


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Non-Sufficient Funds (NSF) Charge




A type of insurance that minimizes financial risk related to medical
expenses.




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