Exam (elaborations)
H&R block Exam Questions and Answers Correct
- Course
- Institution
Exam of 3 pages for the course hr block at hr block (H&R block Exam)
[Show more]
Content preview
H&R block ExamAdjustable rate mortgage (ARM) - answer(ARM) A mortgage that permits the lender to
periodically adjust the interest rate to reflect fluctuations in the cost of money.
auto insurance - answer Insurance to protect a car owner in the event of an accident or
damage to a vehicle.
budget - answer A detailed plan of income and expenses expected over a certain period
of time
cash flow - answer the difference between cash coming in and cash going out of a
business
certificate of deposit - answer a certificate issued by a bank to a person depositing
money for a specified length of time.
city income tax - answer A tax assessed and levied by a local authority such as a
county or municipality.
credit - answer the ability of a customer to obtain goods or services before payment,
based on the trust that payment will be made in the future.
credit score - answer A rating used by credit reporting companies to help lenders decide
whether and/or how much credit can be extended to a borrower.
creditworthiness - answer a measure of your ability and willingness to repay a loan
credit card - answer a small plastic card issued by a bank, business, etc., allowing the
holder to purchase goods or services on credit.
debit card - answer a card (usually plastic) that enables the holder to withdraw money or
to have the cost of purchases charged directly to the holder's bank account
deductions - answer amounts that are subtracted from your paycheck
expenses - answer the cost required for something; the money spent on something.
federal income tax - answer the taxes that the federal government imposes on personal
income in order to provide services
fixed - answer a cost that does not change, no matter how much of a good is produced
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 julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now