Ugba 135 midterm 1 - Study guides, Class notes & Summaries

ugba 135 midterm 1ALL Bankruptcy are handled in federal court - correct answer TRUE Should you always try to contribute enough to your 401K to get the employer match? - correct answer Yes Are community property laws established by the IRS or states? - correct answer States What is a notary public? - correct answer A public officer constituted by law to witness the execution of certain classes of documents like mortgage documents, wills, trusts, deeds What is a prenup agreement? - cor...

UGBA 135 midterm 1

1. What is an emergency fund and what is used for? - Answer- - savings to cover 3 to 6 months of living expenses in readily available cash to be used only in the event of an emergency (15% of the earnings paycheck) Standard Savings account What is our definition of a millionaire? - Answer- someone who can take care of themselves without help from a government agency, financially independent, live the life they want to lead What is the rule of 72? - Answer- How long it will take to double y...

UGBA 135 Midterm 1 Exam With 100% Correct Answers 2023

UGBA 135 Midterm 1 With 100% Correct Answers 2023

UGBA 135 Midterm 1 (Fall 2023) Exam Questions with correct Answers

UGBA 135 Midterm 1 Exam With 100% Correct Answers 2023

key to financial success - Answer- when you start managing your money and don't let your money manage you from the age of 25 to 65, out of 100 people _ will be rich - Answer- 1 from the age of 25 to 65, out of 100 people _ will be financially independent - Answer- 4 from the age of 25 to 65, out of 100 people _ will need financial help - Answer- 45 from the age of 25 to 65, out of 100 people _ will be broke - Answer- 50 financial independence - Answer- when an adult can support t...

UGBA 135 midterm 1 Exam with 100% correct Answers

UGBA 135 Midterm 1 Exam Questions Answers.