Wise practice test - Study guides, Class notes & Summaries

Wise Practice Test Question and answers correctly solved 2024/2025 Wise Practice Test budget variance. - correct answer the difference between the budgeted amount and the actual amount that you spend debt ratio - correct answer shows the relationship between debt and net worth. debt ratio - correct answer The lower the ratio the better off financially the person is. debt ratio - correct answer calculated by dividing liabilities by net worth excise tax - correct answer go...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 One of Andre's seldom-used credit cards has been stolen without his knowledge. When he gets his monthly statement, he realizes that someone else has been using the card and reports it stolen. The maximum amount of the unauthorized purchases he is he liable for is: c.The total amount b.$50 d.$25 - answerB Why is term life insurance usually the least expensive type of life insurance? a. The policy only pays a death ben...

Wise Practice Test Credit Questions and Answers Already Passed When an individual declares bankruptcy, how long will this information remain on their credit report? The record will stay on their credit report for a decade. If someone has multiple credit cards with substantial unpaid balances and struggles to meet their payments, what is the recommended course of action? They should reach out to their credit card issuers to negotiate a new repayment plan. Which type of credit allo...

Econ Wise Practice Test Which of the following financial careers are based only on commission? insurance brokers Which is the best action to find the lowest price for the amount of insurance needed? using the internet to compare quotes on similar insurance policies Contributing to a 401K plan is usually a good way to save for retirement because some employers match the amount of money employees contribute to the plan by following the advice to "pay yourself first" a person i...

Wise Practice Test

Wise Practice Test Questions & Answers 2024 budget variance. - ANSWER-the difference between the budgeted amount and the actual amount that you spend debt ratio - ANSWER-shows the relationship between debt and net worth. debt ratio - ANSWER-The lower the ratio the better off financially the person is. debt ratio - ANSWER-calculated by dividing liabilities by net worth excise tax - ANSWER-government imposes a tax on specific goods and services such as alcohol, cigarettes, gasolin...

Wise Practice Test – Taxes excise tax government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline Capital Gains Tax If held over one year are considered long-term capital gains and are taxed at a lower tax rate or in some cases are not taxed at all. Financial planning the process of developing and implementing a coordinated series of actions to achieve financial success. Social Security benefits depends on the person?s earnings...

Wise Practice Test Questions With Revised Correct Answers > Updated & Passed < An individual, who earns $36,000 a year, has total assets of $156,000 and liabilities of $85,000. The net worth of this individual is - ANSWER : $71,000 Net Worth = Assets - Liabilities When considering purchasing renters insurance. a person should know that the - ANSWER : purpose is to cover monetary losses related to fire, theft, and personal injury (The purpose of all insurance is to cover mo...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 Which of the following does the Federal Reserve use to regulate the nation's money supply? - answerC: Monetary policy R:The Federal Reserve uses monetary policy to regulate the nation's money supply. Monetary policy is directed at expanding or contracting the supply of money and credit in the U.S. economy. A cash card generally: - answerB: Is purchased with a specific amount of money that can be used to pay for goods...