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Fool Proof Final Exam Study Guide (Pt. 2) Questions Rated A+
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Fool Proof Final Exam Study Guide (Pt. 2)
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Fool Proof Final Exam Study Guide (Pt.2)
Credit Score Range - answer scores range from 300 to 850, with higher scores being
better. Here's a rough guide to what various score ranges mean: 300-550: Poor credit. It
is generally accepted that credit scores below 550 are going to result in a rejection of
credit every time.
Financial Credit - answer a financial facility which enables a person or business to
borrow MONEY to purchase
credit bureau - answer company that collects information about your credit history and
sells it to lenders
regressive taxation - answer the tax as a percentage of income decreases as income
increases
progressive taxation - answer the tax as a percentage of income increases as income
increases
proportional taxation - answer The tax as a percentage of income remains constant as
income increases; also called a flat tax
W-2 - answer A statement of an individual's annual wages and taxes provided by an
employer that must be included with the employee's federal, state, and city income tax
returns.
W-4 - answer A federal tax form filled out by an employee to indicate the amount that
should be withheld from his/her paycheck for taxes.
Health Insurance Rates Influences - answer Body Mass Index. On average, people with
a high body mass index have significantly higher premiums than those with a normal
BMI. ...
Tobacco Use. ...
Gender. ...
Age. ...
Pre-existing Medical Conditions. ...
Family History.
Auto Insurance Rates Influences - answer Gender and Age. ...
Marital Status. ...
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