Wise practice test taxes Study guides, Class notes & Summaries

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 – Taxes excise tax - answergovernment imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline Capital Gains Tax - answerIf 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 - answerthe process of developing and implementing a coordinated series of actions to achieve financial success. Social Security - answerbenefits depends on th...

Wise Practice Test – Taxes excise tax - answergovernment imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline Capital Gains Tax - answerIf 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 - answerthe process of developing and implementing a coordinated series of actions to achieve financial success. Social Security - answerbenefits depends on th...

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 – Taxes excise tax - answergovernment imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline Capital Gains Tax - answerIf 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 - answerthe process of developing and implementing a coordinated series of actions to achieve financial success. Social Security - answerbenefits depends on th...

WISE- Practice Test #7- Money Management Exam Questions With 100% Correct Answers 2024/2025 A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the A. better off financially the person is. B. worse off financially the person is. C. more liquid assets the person has. D. less liquid assets the person has. Correct Answer A Reason Since the debt ratio is calculated by dividing liabilities by net worth, the lower the debt ratio the better; that is th...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 Debbie owns a clothing store. She is concerned that a customer who is injured in the store will sue. Which type of insurance should Debbie purchase? Liability insurance Richard's auto insurance policy expired on 5/15/2002. Richard was upset with his insurance agent and decided to change insurance companies. At 10:00 a.m. on 5/16/2002, as he drove to a different agent to buy a new policy, he had an accident. Who is liab...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 Debbie owns a clothing store. She is concerned that a customer who is injured in the store will sue. Which type of insurance should Debbie purchase? Liability insurance Richard's auto insurance policy expired on 5/15/2002. Richard was upset with his insurance agent and decided to change insurance companies. At 10:00 a.m. on 5/16/2002, as he drove to a different agent to buy a new policy, he had an accident. Who is liab...

WISE Practice Test 1 Exam Questions With 100% Correct Answers 2024/2025 When an unmarried individual makes a contribution to a Roth Individual Retirement Account (IRA) it is D: Not currently tax deductible. A Roth IRA allows a $3000 annual contribution; $3500 if the individual is over 50 years of age. which is not tax deductible A student's grandmother has decided to buy a long term health care insurance policy. The student's grandmother's decision is most likely related to the fact...

WISE- Practice Test #2 – Investing Exam Questions With 100% Correct Answers 2024/2025 A pharmacy is to drugs as the American Stock Exchange is to: A. Interest B. Stock advisors C. Securities D. Mutual funds - answerC Reason A pharmacy, run by a licensed pharmacist, is authorized by a state government to fill prescription orders. A stock or bond exchange is where registered stockbrokers buy and sell securities such as stocks or bonds (fill orders) for investors. Exchanges are similar...