Wise practice test taxes Study guides, Class notes & Summaries

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...

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 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 - answerD: 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...

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 C 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 to other m...

Banking Wise Practice Test Exam Questions with 100% Correct Answers 2024 If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the US Treasury Department- In order to track large deposits, the federal government requires that deposits of $10,000 or more be reported to the Treasury Department. Some concerns may be that a person might be trying to avoid paying taxes on game winnings or perhaps illegal gains The National Credit Union Administration (NCUA) i...

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...

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...

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 - answerD: 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...

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...