Payroll tax cap - Study guides, Class notes & Summaries

UGBA 135 final exam 2023 with complete solution What's the rule of 72? How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the busine...

Payroll Exam 80 Questions with Verified Answers What is FICA? - CORRECT ANSWER -Federal Insurance Contributions Act -Made up of social security and medicare -levies taxes on all employees (even self-employed) 2020 Social Security Tax Rate - CORRECT ANSWER 6.2% of the first $137,700 in wages. Both employee and employer is 6.2%. Not subject to social security taxes if wages exceed this amount. This amount is DOUBLED for those who are self employed, 12.4% Medicare tax rate - CORRECT A...

UGBA 196 - Final Exam 2023 Complete Debt to Credit Ratio Total balance on your credit cards and other loans compared to your total credit limit. 30% is ideal. (Pay down, charge less or have more cards/increase limits) 5 things that determine your credit score 1. Record of paying bills on time (35%) 2.Debt-to-credit ratio (30%) 3.Length of credit history (15%) 4.Recent applications for credit (10%) 5.Mix of credit cards and loans (10%) Highest FICO score 850 Best way to establish goo...

UGBA 135 final exam 2023 with complete solution What's the rule of 72? How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the busine...

UGBA 196 - Final Exam 2023 Complete Debt to Credit Ratio Total balance on your credit cards and other loans compared to your total credit limit. 30% is ideal. (Pay down, charge less or have more cards/increase limits) 5 things that determine your credit score 1. Record of paying bills on time (35%) 2.Debt-to-credit ratio (30%) 3.Length of credit history (15%) 4.Recent applications for credit (10%) 5.Mix of credit cards and loans (10%) Highest FICO score 850 Best way to establish goo...

AARP EXAM 2023

Ch. 3 Key Skill: Oral Communication - Answer Ability to speak in public, speak to large groups, and make persuasive presentations demonstrating knowledge about the product and its potential to benefit the customer Ch. 3 Key Skill: Written Communication - Answer Competence to prepare sales presentations, reports, analyses, and general correspondence in a concise and insightful manner Ch. 3 Key Skill: Data Analysis Skills - Answer Use of data to inform the decision-making process; whether it...

UGBA 135 Final Exam Questions With Correct Answers 2023 (Gradec 100%) Most important aspect of a credit score is paying on time all the time 12. Names of 3 main credit agencies: Experian, Equifax, TransUnion 13. Variable vs. go-to rate of interest a. Variable: interest rate that moves up and down based upon a benchmark not controlled by the lender b. Go-to: interest rate charged on unpaid credit card balances in addition to the variable rate, determines total interest rate 14. What is a ...

UGBA 135 Final Exam Questions With Correct Answers 2023 | 2024. Rule of 72: 72/interest rate = time it takes to double wealth 2. What is compounding: interest on interest 3. Cornerstone of wealth is being frugal 4. Before you start saving money, you should: a. attack high interest debt like credit cards b. Do everything you can to maximize employer 401k match 5. You always need consideration with a contract a. All blanks filled in with signatures and dates 6. Difference between revenue/...

UGBA 135 final exam 2023 with complete solution What's the rule of 72? How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the busine...