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2023 United HealthCare - Ethics and Compliance V2:(MBA 505) Q & A; Northern IllinoisUpdated $18.49   Add to cart

Exam (elaborations)

2023 United HealthCare - Ethics and Compliance V2:(MBA 505) Q & A; Northern IllinoisUpdated

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  • Course
  • Personal finance chapt
  • Institution
  • Personal Finance Chapt

2023 United HealthCare - Ethics and Compliance V2:(MBA 505) Q & A; Northern IllinoisUpdated 1. In terms of events, which of the following is true? A) Agentsmust report formal marketing/sales events only to UHC B) Agents mustreport informal marketing/sales events only to UHC C) Agents mustrepo...

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  • November 2, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Personal finance chapt
  • Personal finance chapt
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gideonngari
personal finance chapter 3 & 4 test-
100% correct answers updated 2024-
2025
Gross vs. Net pay - CORRECT ANSWERS-gross = paycheck before taxes
net pay = paycheck after taxes

what are the 4 deductions from a paycheck? - CORRECT ANSWERS-1. federal income
taxes
2. state income taxes
3. social security taxes
4. Medicare taxes

what is a discretionary income? - CORRECT ANSWERS-money you have left over after
paying all your taxes (net income)

what is a cash flow statement? - CORRECT ANSWERS-the money that goes in and out
every month (aka income/expenses)

what is a budget - CORRECT ANSWERS-the plan for using money to meet wants and
needs

what is a surplus? - CORRECT ANSWERS-a positive cash flow. income - expenses =
positive cash flow

what is a deficit? - CORRECT ANSWERS-a negative cash flow. income - expenses =
negative cash flow

what are fixed expenses? - CORRECT ANSWERS-regular monthly payments
- pay yourself first
- rent or mortgage
- loan
- insurance, etc

what are variable expenses? - CORRECT ANSWERS-changes from month to month
- food
- clothing
- utility
- entertainment etc

what are the 2 ways to get out of deficit? - CORRECT ANSWERS-- spend less
- make more

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