Ficep cuna final exam - Study guides, Class notes & Summaries

CUNA FICEP Final Exam Questions & Answers. Financial Counseling is never? - CORRECT ANSWER An answer to every problem. Providing financial education can have which of the following employee benefits? - CORRECT ANSWER Reduce Absenteeism. Which is an essential Counselor Quality? - CORRECT ANSWER Remaining nonjudgmental. Which vital skill allows you to observe every aspect of a members attempt at communication? - CORRECT ANSWER Observing nonverbal clues. Which is an element that supp...

FiCEP Final : CUNA Review UPDATED Exam Questions and CORRECT Answers Select the statement that correctly describes a progressive tax. - CORRECT ANSWER- A progressive tax requires people to pay more as they earn more. Pick the statement that best describes a regressive tax. - CORRECT ANSWER- A regressive tax charges the same tax rate regardless of the taxpayer's income. Why are government fees and surcharges sometimes described as a form of tax? - CORRECT ANSWER- Because they generate...

FiCEP Final : CUNA Review UPDATED Exam Questions and CORRECT Answers Select the statement that correctly describes a progressive tax. - Ans A progressive tax requires people to pay more as they earn more. Pick the statement that best describes a regressive tax. - Ans A regressive tax charges the same tax rate regardless of the taxpayer's income. Why are government fees and surcharges sometimes described as a form of tax? - Ans Because they generate income for the government.

FiCEP Final CUNA Review Exam Questions and Answers

Ficep cuna final review exam QUESTIONS AND ANSWERS (2024/2025) (VERIFIED ANSWERS)

FiCEP Final : CUNA Review Exam Questions and Answers What benefit is offered when VITA services are combined with credit union programs that encourage taxpayers to open accounts for direct deposit of tax refunds? - Answer-Direct deposit reduces the time required to get a refund, which counters the appeal of refund anticipation loans. What is the name of the organization that offers free tax assistance to taxpayers age 60 or older, those with disabilities or special needs, or who qualify fo...

FiCEP [CUNA Review] Final Exam 2024/2025 UPDATED Questions and Answers |100% Correct What type of tax system charges everyone the same dollar amount regardless of income? A. Progressive tax B. Flat tax C. Poll tax Select the statement that correctly describes a progressive tax. A progressive tax requires people to pay more as they earn more. What is the primary purpose of income tax? A. To encourage consumer spending B. To generate revenue for the government C. To control i...

FiCEP Final : CUNA Review Exam Questions and Answers Which taxing authorities are worthy of the member's attention? - Answer-The member must attend to all tax authorities at all levels of government to maintain their financial well-being. How do taxes impact your personal spending? - Answer-Taxes can make personal spending go up or down. Which is larger: the penalty for failing to pay federal income taxes on time, or the penalty for failing to file a tax return when taxes are owed? - A...