Exam (elaborations)
GEB 3006 FINAL Questions with Correct Answers
- Course
- Institution
GEB 3006 FINAL Questions with Correct Answers
[Show more]
Content preview
GEB 3006 FINAL Questions with Correct AnswersEmployer benefits can be worth up to ___ of your base salary Correct
Answer-50%
Generally the two main employer benefits with the highest value are:
Correct Answer-Retirement Health Plans
The health plans that offers the most choice in doctors and has the
highest cost Correct Answer-PPO
Which of the following health plans generally requires that you first see
your primary care physician and remain within a restricted network of
doctors? Correct Answer-HMO
Employees without a pension plan should try to save at least _____ of
their salary Correct Answer-10-15%
Fidelity Investments recommends that individuals without pensions have
about ___ times their salary at age 67 in order to have a sufficient
amount of money to retire.` Correct Answer-10
Fidelity Investments recommends that individuals without pensions have
about ___ times their salary at age 30 in order to have a sufficient
amount of money to retire. Correct Answer-1
At what age will you become eligible for Medicare? Correct Answer-65
, At what age are you eligible for early Social Security? Correct Answer-
62 and the amount received is a discounted benefit compared to the full
retirement benefit
Which health plan has a low cost but high deductible? Correct Answer-
HDHP
The rules for flexible spending accounts generally require that
employees use the money within Correct Answer-the current year or
lose unused savings.
When you leave your job, you should always rollover your Correct
Answer-401-K assets to a self directed rollover IRA.
Between 1990 and 2010, the average US savings rate was around
Correct Answer-5%
What two factors count for 65% of your FICO score? Correct Answer-
Payment history and outstanding debts
Which company has developed the MOST commonly used credit score
to evaluate an individual's credit? Correct Answer-Fair Isaac
Corporation
You should try to achieve a FICO score of at least Correct Answer-760
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller cracker. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80202 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now