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FBLA BUSINESS CALCULATIONS QUESTIONS WITH CORRECT ANSWERS 2025

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FBLA BUSINESS CALCULATIONS QUESTIONS WITH CORRECT ANSWERS 2025

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FBLA

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Institution: FBLA
Course: FBLA

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Uploaded on: March 19, 2025
Number of pages: 9
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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fbla business calculations questions with correct

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FBLA BUSINESS CALCULATIONS QUESTIONS
WITH CORRECT ANSWERS 2025
ExemptionsH-HCORRECTHANSWERH-aHdeductionHfromHtaxableHincomeHforHeachHdependent

FUTAH-HCORRECTHANSWERH-
(FederalHUnemploymentHTaxHAct)HtaxHauthorizingHtheHIRSHtoHcollectHaHtaxHonHeachHemployer'sHpa
yrollHtoHfundHstateHworkforceHagencies.

IRAH-HCORRECTHANSWERH-
(IndividualHRetirementHAccount)HwithHsomeHrestrictionsHsetHbyHtheHIRS,HemployedHindividualsHcan
HsetHasideHpre-taxHfundsHforHtheirHretirementHyearsHinHaHtraditionalHIRAHorHaHRothHIRA.

itemizedHdeductionsH-HCORRECTHANSWERH-
amountsHsubtractedHfromHadjustedHgrossHincomeHbecomeHtaxHisHcomputed.

propertyHtaxH-HCORRECTHANSWERH-
aHtaxHimposedHonHaHpropertyHownerHtoHhelpHfundHpublicHservicesHsuchHasHfireHandHpoliceHprotecti
on,Hschools,HandHparks.

SUTAH-HCORRECTHANSWERH-
(StateHUnemploymentHTaxHAct)HtaxHcollectedHbyHstateHgovernmentsHtoHfundHstateHworkforceHage
ncies,HisHusedHsolelyHforHtheHpaymentHofHbenefitsHtoHeligibleHunemployedHworkers.

taxableHincomeH-HCORRECTHANSWERH-
theHamountHofHincomeHsubjectHtoHtaxHafterHadjustments,Hdeductions,HandHexemptions..

totalHincomeH-HCORRECTHANSWERH-allHtheHincomeHyouHreceive.

, automobileHliabilityHinsuranceH-HCORRECTHANSWERH-
InsuranceHthatHcoversHdamagesHforHbodilyHinjuryH&HpropertyHdamageHforHwhichHanHinsuredHperso
nHbecomesHlegallyHresponisbleHbecauseHofHanHautoHaccident.

beneficaryH-HCORRECTHANSWERH-
PersonHorHpersonsHdesignatedHtoHreceiveHtheHproceedsHofHaHlifeHinsuranceHpolicyHinHtheHeventHofHt
heHinsured'sHdeath.

collisionHcoverageH-HCORRECTHANSWERH-
PaysHforHdamageHtoHtheHinsured'sHvehicleHasHaHresultHofHanHaccident.

comprehensiveHcoverageH-HCORRECTHANSWERH-
PaysHtoHfixHanHindividualsHvehicleHlessHanyHdeductibleHnotHcausedHbyHanHaccident,HsuchHasHvandali
sm,Htheft,storm,HorHfire.

deductibleH-HCORRECTHANSWERH-
AnHamountHdeductedHfromHanHinsuranceHsettlement,theHamountHofHlossHtheHinsuredHagreesHtoHa
ccept.

faceHvalueH-HCORRECTHANSWERH-TheHamountHofHinsuranceHpurchased.

hmoH-HCORRECTHANSWERH-
AHmanagedHhealthHcareHorganizationHwhichHattemptsHtoHlowerHcostsHbyHnegotiatingHdiscountedHr
atesHforHtheirHpolicyholders.

liabilityH-HCORRECTHANSWERH-AnHobligationHforHwhichHsomeoneHisHresponsible.

lifeHinsuranceH-HCORRECTHANSWERH-
AnHagreementHprovidingHforHtheHpaymentHofHaHstipulatedHsumHtoHoneHorHmoreHbeneficiariesHupo
nHtheHdeathHofHtheHinsuredHperson.

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FBLA BUSINESS CALCULATIONS QUESTIONS WITH CORRECT ANSWERS 2025

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