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Exam (elaborations)

Personal Finance Test Questions With Complete Solutions

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income correct answer: earnings received as wages, rent, profit, or interest wages correct answer: payment for work, usually calculated in periods of an hour salary correct answer: payments for work, usually calculated in periods of a week or longer, salary is usually tied to the completion of specific duties over a minimum but not maximum number of hours discretionary (disposable) income correct answer: the income a person has left to spend or save after taxes and other required deductions have been taken out of his or her gross pay; net pay direct deposit correct answer: the electronic transfer of a payment directly from the account of the payer to the recipient's account employee benefits correct answer: something of value that an employee receives in addition to a wage or salary. Examples are health insurance, life insurance, discounted child care and subsidized meals at the company pension plans correct answer: a requirement plan that requires an employer to make contributions into

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Institution
Personal Finance
Course
Personal Finance

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Uploaded on
June 24, 2023
Number of pages
24
Written in
2022/2023
Type
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