H&R Block Quiz with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

Why is the Payroll Calculator helpful in determining the effect of a 401K contribution on net pay? 401(k) contributions reduce the federal tax owed. What minimum balance must be maintained in the emergency fund in order to earn the trophy? $500 How can a participant earn the Perfect Pay trophy? Pay all of their bills in full and on time. What happens if a participant overpays a vendor and needs the money to pay a different bill? The money will be refunded overnight if the participant requests a refund from the vendor. "Life expenditures" in the simulation, such as groceries, eat out meals, and entertainment is reflected in monthly credit card charges. Approximately how much will these total each month in the simulation? $500 to $750