LIFC 603 – Financial Life Coaching Exam 4 questions and answers new
update Liberty University
• Question
1 0 out of 4
points
Self employed individuals pay the same Social Security tax rate as employees?
Selecte Tr
d u
Answer e
:
• Question 2
0 out of 4
Life insurance is also a good way to save money for your points
children’s college education since the growth is not taxed.
Selecte Tr
d u
Answer e
:
• Question 3
4 out of 4
Withdrawing funds from an IRA before age 59 ½ points
results in:
Selecte
d 10% penalty
Answer
:
• Question
4 4 out of 4
points
In the later stages of life, if an individual has not accumulated enough
resources, he/she may be dependent upon and/or
.
Selecte
d All of the above
Answer
:
• Question
5 4 out of 4
points
What parable in Matthew 25 had individuals rewarded for their investing efforts?
Selecte
d Parable of the owner and three stewards (or servants)
Answer
:
• Question 6 and over.
Medicare is health insurance for only those aged 65
This study source was downloaded by 100000893294040 from CourseHero.com on 11-04-2024 03:15:10 GMT -06:00
, 4 out of 4
points
Selecte Fal
d se
Answer
:
• Question
7 4 out of 4
points
Younger couples should always use the Standard Deduction instead of Itemized
Deductions?
Selecte Fal
d se
Answer
:
• Question
8 0 out of 4
points
A deductible in health insurance means an amount that is deducted from
your bill by the provider of services, so that you can pay less.
This study source was downloaded by 100000893294040 from CourseHero.com on 11-04-2024 03:15:10 GMT -06:00
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 smartzone. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.