401k - Study guides, Class notes & Summaries

Life and Health Insurance Exam (Missouri) Questions and Answers 100% Solved Insurance policies are considered aleatory contracts because: 1)they are take it or leave it contracts 2)both parties consent to the contract 3)performance is conditioned upon a future occurence 4)the contract is voidable upon proof of fraud ️️Performance is conditioned upon a future occurence, because there is an element of chance and potential for unequal exchange of value K failed to pay a renewal prem...

401K Plan - A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollards Absolute Assigment vs. Collateral Asssigment - Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner. Accelerated Death Benefit - Policy provision that allows full or partial payment of the policy's death benefit before the insured's death if he/she i...

Direct Equipment Cost correct answersEquipment used for a specific item. Ex: Pump truck and rough terrain forklift Indirect Equipment Cost correct answersEquipment used throughout a project. Ex: Bobcat and tower Crain Direct Labor correct answersWork performed by GC's own crews. Labor cost include... correct answersBase rate, worker compensation insurance, social security, unemployment tax, public liability and property damage, fringe benefits (paid vacation, 401k, medical insurance,...

Verification Form I-9 must be completed by applicants providing proof of identity and employment eligibility within ______ of employment. 3 days What type of business is the easiest to establish and allows the owner to determine how profits are used although they are personally liable for all debt and assets? Sole Proprietorship A ______is a joint co-owner partnership established to specifically increase bonding and bidding capacities and profits. General Proprietorship Provisions of the A...

Verification Form I-9 must be completed by applicants providing proof of identity and employment eligibility within ______ of employment. 3 days What type of business is the easiest to establish and allows the owner to determine how profits are used although they are personally liable for all debt and assets? Sole Proprietorship A ______is a joint co-owner partnership established to specifically increase bonding and bidding capacities and profits. General Proprietorship Provisions of the A...

retention records: How long for IRS? - ️️4 years (3 is 4) reduceing taxable income: 401k come out of fed. cafe comes out of all FIT, SS and MED - ️️note What does Fair Labor Standards Act regulate? - ️️1. Overtime 2. Minimum rate of pay 3. Child Labor Laws 4. Equal pay retention records: How long for FLSA? - ️️3 years (4 is 3) 3 yeas after the last date of entry or 3 years from the last date they were effective What records for FLSA must be kept for 3 years after ...

401K -:- A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis. 403 (b) -:- A U.S. tax-advantaged retirement savings plan available for public education o...

pro se divorce - answer - a divorce proceeding in which the parties represent themselves in the divorce action no-fault divorce - answer - a divorce granted without either party having to prove the other party guilty of misconduct Residency Period - answer - at least one spouse must be a resident for a certain period of the time before the court has jurisdiction and the divorce proceedings can begin =about 90 days cooling-off period - answer - the minimum time it takes to complete a div...

Which of the following represents pure risk? A. Purchase of stock in a new company B. An investment in real estate C. Purchase of a lottery ticket D. Chance of fire in a dwelling - ANSWERD. Chance of fire in a dwelling WHICH OF THE FOLLOWING IS A PERIL? A. ATTITUDE TOWARDS SAFETY B. FIRE C. DEDUCTIBLE D. AN EXCLUSION - ANSWERB. FIRE Direct loss refers to: A. Fire damage to a dwellings roof B. Cost of increased living expenses due to a fire C. Reduction in the value of in the in...

401K A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis. 403 (b) A U.S. tax-advantaged retirement savings plan available for public education organizations...