Gross income threshold - Study guides, Class notes & Summaries

Florida 2-15 exam questions and answers already passed In a 3 partner cross-purchase plan, how many policies need to be purchased in order to protect each partner against the loss of any other partner? 6 According to the NAIC Life Insurance Solicitation Model, when soliciting life insurance, a producer is required to provide a prospect with a ______ and a _______ specific to the product being marketed. general buyer's guide; policy summary The Incontestable Clause states that the insurer can...

Payroll Practice Fundamentals Exam 88 Questions with Verified Answers Employee - CORRECT ANSWER Anyone who preforms a service for you, if you can control what work is accomplished and how it is accomplished. Common-law Employee - CORRECT ANSWER A worker whose services are preformed under common-law rules for an employer is his or her employee if that employer controls what and how the job will be done. Independent contractor - CORRECT ANSWER A payer has control of the work done by this ...

Define Maryland Health Connection - Answer The new marketplace in the state to compare health insurance options and enroll in health coverage. Name the important elements of the Maryland Health Connection - Answer 1. New Marketplace to shop and compare health insurance. 2. No Wrong Door 3. Only place to qualify for Advance Premium Tax Credits and Cost Sharing Reductions 4. Private and Government plans What are the four ways consumers can apply for health care coverage? - Answer 1. Onlin...

Patient Protection and Affordable Care Act a United States federal statute signed into law by President Barack Obama on March 23, 2010. 3 reason ACA was enacted - Increase the quality and affordability of health insurance - Lower the uninsured rate by expanding public and private insurance coverage - Reduce the costs of healthcare for individuals and the government 3 things the ACA introduced 1. mandates 2. subsidies 3. health insurance exchanges The ACA specifies t...

H&R Block Mid Term Review verified answers and questions 2023. What is the standard deduction for a taxpayer filing single? - correct answers.$6200 What is the standard deduction for a taxpayer filing married filing joint? - correct answers.$12400 What is the standard deduction for a taxpayer filing married filing separate? - correct answers.$6200 What is the standard deduction for a taxpayer filing qualifying widow? - correct answers.$9100 What is the standard...

True T/F: Due from State of New Jersey for Senior citizen Deductions can be anticipated as a revenue in the current fund budget as non-cash surplus retirement of serial bonds Trust Assessment Fund cash is first pledged to: quarterly basis Municipal Library Levy is paid on a True T/F: budget transfers from Capital Improvement Fund are not permitted Corrective Action Plan Finding/Condition; Recommendation; explanation & corrective action; implementation date ...

Exam Question Master 1 T/F - Real estate professionals provide knowledge of market conditions - ANS True The product that real estate licensees market is - ANS Expert Information Real estate professionals provide expert information in three areas: - ANS Property transfer, market conditions, and how to market real estate and businesses. D.B.P.R (Department of Business and Professional Regulation) main office location - ANS - Located in Tallahassee, FL. DRE (Divisio...

Balance Sheet A financial statement reflecting the value of a firm's assets, liabilities, and net worth at a particular point in time Book Value The value of an item as recorded on financial statements Current Assets Assets such as accounts receivables and inventory that are expected to be converted into cash within one year Marketable Securities (Cash Equivalents) Short-term investments, usually with maturities of less than one year, that are available for sale ...

Standard Deduction AGI is reduced by greater of Standard Deduction or Itemized Deduction Based on filing status and calendar year of filing Taxpayer 65 and older can take an additional deduction, another deduction available to those who are blind Itemized Deductions AGI is reduced by greater of Standard Deduction or Itemized Deduction Reported on Schedule A of 1040 Expenses must be ordinary and necessary Timing of deductions depend on accounting method (accrual vs. cash b...

Payroll Fundamentals 2 Exam 150 Questions with Verified Answers The accounting equation states: - CORRECT ANSWER Assets = Liabilities + Owners Equity Owner's Equity has two components: - CORRECT ANSWER Owner's Equity = Contributed Capital + Retained Earnings Contributed Capital - CORRECT ANSWER The amount of payments in cash or assets that the owners have made to the company The accounting equation can be expanded to: - CORRECT ANSWER Assets = Liabilties + Contributed Capital + Ret...