Wise Practice Samenvattingen, Aantekeningen en Examens

WISE Practice Test Question : To qualify for a Federal Housing Administration (FHA) loan, a person must generally A: have at least a high school diploma. B: have one-quarter of the cost of the home for a down-payment. C: fulfill income guidelines. D: provide two individuals to co-sign the loan. - Answer- C: fulfill income guidelines. A high school student has begun to investigate the field of finance as a career choice. In deciding about the field, the student should foc...

Wise Practice Test budget variance. - Answer- the difference between the budgeted amount and the actual amount that you spend debt ratio - Answer- shows the relationship between debt and net worth. debt ratio - Answer- The lower the ratio the better off financially the person is. debt ratio - Answer- calculated by dividing liabilities by net worth excise tax - Answer- government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airli...

A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the A. better off financially the person is. B. worse off financially the person is. C. more liquid assets the person has. D. less liquid assets the person has. - ANSWER Correct Answer A Reason Since the debt ratio is calculated by dividing liabilities by net worth, the lower the debt ratio the better; that is the better off the person is financially A man budgeted $200 a month ...

budget variance. - the difference between the budgeted amount and the actual amount that you spend debt ratio - shows the relationship between debt and net worth. debt ratio - The lower the ratio the better off financially the person is. debt ratio - calculated by dividing liabilities by net worth excise tax - government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline capital gains - are profits made from the sale of ...

budget variance. - Answer the difference between the budgeted amount and the actual amount that you spend debt ratio - Answer shows the relationship between debt and net worth. debt ratio - Answer The lower the ratio the better off financially the person is. debt ratio - Answer calculated by dividing liabilities by net worth excise tax - Answer government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline capital gains - Answer are profits ma...

budget variance. - Answer- the difference between the budgeted amount and the actual amount that you spend debt ratio - Answer- shows the relationship between debt and net worth. debt ratio - Answer- The lower the ratio the better off financially the person is. debt ratio - Answer- calculated by dividing liabilities by net worth excise tax - Answer- government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline capital gains - Answer- ar...

Wise Practice Exam: Questions & Answers

A person who is planning to retire can receive income from all of the following sources EXCEPT: correct answers Term life insurance. What should a 50 year old person know about withdrawing money from her traditional individual retirement account ( traditional ira)? correct answers There is a 10% penalty on any money taken out of traditional ira before age 59 1/2. how does having a savings account help a person's financial wellbeing? correct answers it enables a person to save for major pu...

budget variance. correct answers the difference between the budgeted amount and the actual amount that you spend debt ratio correct answers shows the relationship between debt and net worth. debt ratio correct answers The lower the ratio the better off financially the person is. debt ratio correct answers calculated by dividing liabilities by net worth excise tax correct answers government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline...

budget variance. the difference between the budgeted amount and the actual amount that you spend debt ratio shows the relationship between debt and net worth. debt ratio The lower the ratio the better off financially the person is. debt ratio calculated by dividing liabilities by net worth excise tax government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline capital gains are profits made from the sale of ca...