Financial lit - Study guides, Class notes & Summaries

WISE FINANCIAL LITERACY TEST NEWEST 2024 ACTUAL EXAM COMPLETE 60 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

This document contains workings, explanations and solutions to the SUS1501 Assignment 5 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4...... BACKGROUND FACTS • "In the 2018/2019 financial year, Bob van Dijk, the former CEO of Naspers earned a total remuneration (salary, incentives and options) of R 1.9 billion." • "60% of the world's cobalt is mined in the DRC. Significant amounts of this is mined under appalling conditions often by child labourers."...

APEX Financial Literacy Final Exam Question with Complete Solutions

Earned Income Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. Unearned Income Any income that comes from investments and other sources unrelated to employment services. Examples: interest from a savings account, bond interest, alimony, and dividends from stock Exemptions (aka allowance) and how they work If you are not claimed as a dependent on another taxpayer's return, then you can claim one personal ...

What two factors count for 65% of your FICO score? A) Income and payment history B) Employment history and outstanding debts C) Payment history and outstanding debts D) Income and outstanding debts - c) Payment history and outstanding debts Which company has developed the MOST commonly used credit score to evaluate an individual's credit? A) Experian B) Transunion C) Fair Isaac Corporation D) Equifax - c) Fair Isaac Corporation You should try to achieve a FICO score of at least ...

2024 Wise Financial Literacy Test-Solved

FIN 2114 Invest & Financial Literacy Questions and Answers Already Passed What does an Income Statement provide? A financial report detailing revenue and expenses for a specific period. Is it true that a solid financial plan never needs to be adjusted? FALSE Achieving financial stability requires balancing your earnings with: A) your investments. B) your expenditures. C) your retirement savings. D) your existing debt. B) your expenditures. What benefits does personal financial ...

WISE Financial Literacy Certification Test with Verified Solutions What are exemptions (also known as allowances) and how do they function? Exemptions, or allowances, are deductions from your taxable income if you are not a dependent on another’s tax return. Married couples filing jointly can each claim one exemption. These function similarly to deductions but with fewer restrictions. How do exemptions work when claiming dependents? You can claim extra exemptions for each dependen...

General Financial Literacy Course - Utah, Financial Literacy State Test Latest Update Graded A+ 401K A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis. 4...