FHCE 3200 Questions and answers. VERIFIED/ Medicaid is a health insurance program for individuals who are 65 years of age or older - ✅✅ -false Social security is paid by employees, employers and the self employed. Those resources are placed into a trust and paid out to individuals who've reached retirement age and meet the work eligibility requirement to receive a social security check - ✅✅ -true True or False: A payroll advance is the process by which an employer automatically takes money from your paycheck and contributes it to a retirement plan or savings account - ✅✅ -false The financial strategy that encourages individuals to commit to puttin g half of every future raise towards savings is called - ✅✅ -save more tomorow NOT give more tomorrow Which of the following does not represent a form of earnings - ✅✅ -social security Based on the findings from the small business administration, what perc entage of small businesses are around after 10 years - ✅✅ -33% Individuals should file their taxes based on the following reasons - ✅✅ -Prevent tax fraud and the possibility of receiving a tax refund NOT prevent tax fraud Sae wanted to buy a t -shirt for $45. She chose to wait for the t -shirt to go on -sale instead. Fortunately, she did not have to wait long. Her shirt went on sale the very next week for $10. How much did Sae save on the price of her shirt and sales taxes by waiting one week. The sales tax in her state is 9% - ✅✅ -
$38.15 Which of the following refers to financial obligations imposed on individuals and businesses by government entities - ✅✅ -taxes Most working adults will pay the following types of taxes over t he course of a year - ✅✅ -sales tax True of false: The IRS does not know how much I've earned if I do not file my taxes - ✅✅ -false The following form of taxation occurs whenever a person spends their money on a good or service. - ✅✅ -sales tax
$38.15 Which of the following refers to financial obligations imposed on individuals and businesses by government entities - ✅✅ -taxes Most working adults will pay the following types of taxes over t he course of a year - ✅✅ -sales tax True of false: The IRS does not know how much I've earned if I do not file my taxes - ✅✅ -false The following form of taxation occurs whenever a person spends their money on a good or service. - ✅✅ -sales tax
