Payroll tax cap - Study guides, Class notes & Summaries

UGBA 135 final exam 2023 with complete solution What's the rule of 72? How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the busine...

Payroll Exam 80 Questions with Verified Answers What is FICA? - CORRECT ANSWER -Federal Insurance Contributions Act -Made up of social security and medicare -levies taxes on all employees (even self-employed) 2020 Social Security Tax Rate - CORRECT ANSWER 6.2% of the first $137,700 in wages. Both employee and employer is 6.2%. Not subject to social security taxes if wages exceed this amount. This amount is DOUBLED for those who are self employed, 12.4% Medicare tax rate - CORRECT A...

UGBA 196 - Final Exam 2023 Complete Debt to Credit Ratio Total balance on your credit cards and other loans compared to your total credit limit. 30% is ideal. (Pay down, charge less or have more cards/increase limits) 5 things that determine your credit score 1. Record of paying bills on time (35%) 2.Debt-to-credit ratio (30%) 3.Length of credit history (15%) 4.Recent applications for credit (10%) 5.Mix of credit cards and loans (10%) Highest FICO score 850 Best way to establish goo...

UGBA 135 Final Exam Questions With Correct Answers 2023 (Gradec 100%) Most important aspect of a credit score is paying on time all the time 12. Names of 3 main credit agencies: Experian, Equifax, TransUnion 13. Variable vs. go-to rate of interest a. Variable: interest rate that moves up and down based upon a benchmark not controlled by the lender b. Go-to: interest rate charged on unpaid credit card balances in addition to the variable rate, determines total interest rate 14. What is a ...

AARP EXAM 2023

Ch. 3 Key Skill: Oral Communication - Answer Ability to speak in public, speak to large groups, and make persuasive presentations demonstrating knowledge about the product and its potential to benefit the customer Ch. 3 Key Skill: Written Communication - Answer Competence to prepare sales presentations, reports, analyses, and general correspondence in a concise and insightful manner Ch. 3 Key Skill: Data Analysis Skills - Answer Use of data to inform the decision-making process; whether it...

UGBA 135 Final Exam Questions With Correct Answers 2023 | 2024. Rule of 72: 72/interest rate = time it takes to double wealth 2. What is compounding: interest on interest 3. Cornerstone of wealth is being frugal 4. Before you start saving money, you should: a. attack high interest debt like credit cards b. Do everything you can to maximize employer 401k match 5. You always need consideration with a contract a. All blanks filled in with signatures and dates 6. Difference between revenue/...

UGBA 135 final exam 2023 with complete solution What's the rule of 72? How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the busine...

UGBA 135 final exam 2023 with complete solution What's the rule of 72? How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the busine...

What is a benefit to employers when offering medical benefits to their employees? Federal income tax advantages Which of the following apply to group health plans? Group health plans (GHP) Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:02 / 0:15 Full screen Riders are also called _____. options An employer may do which of the following during negotiations to change benefits to a group policy? Omit a specific benef...