Ficep test 2 Study guides, Class notes & Summaries

FICEP Test 2 Questions with Correct Answers when dealing with finances - Answer--brainstorm with everyone in the household (buy-in) - do not try to control spouse's financial behavior - focus on goals progressive tax - Answer-federal and state income tax- if income increases, so does tax regressive tax - Answer-charge the same % of an item's cost, regardless of income (gas, liquor) flat or level - Answer-everyone pays the same percent of income you have to file tax returns wi...

FICEP test 2

FICEP Test 2023 Questions and Answers Complete

FICEP Test 2023 Questions and Answers Complete Money avoidance is the idea that money is evil or ______________ undeserved The idea that money is the way to solve all a member's problems is money ______________ worship Money ____________ is the member's belief that wealth is tied to self-worth. Money is seen as a member's way to one-up others. Status Money vigilance is a member's perceived need for ___________ about their financial matters. secrecy The ideal spending cycle a membe...

FICEP test 2

FICEP test 2

when dealing with finances - ANSWER -brainstorm with everyone in the household (buy-in) - do not try to control spouse's financial behavior - focus on goals progressive tax - ANSWER federal and state income tax- if income increases, so does tax regressive tax - ANSWER charge the same % of an item's cost, regardless of income (gas, liquor) flat or level - ANSWER everyone pays the same percent of income you have to file tax returns with the IRS unless - ANSWER you owe n tax or are ...

FICEP Test 2023 Questions and Answers Complete Money avoidance is the idea that money is evil or ______________ undeserved The idea that money is the way to solve all a member's problems is money ______________ worship Money ____________ is the member's belief that wealth is tied to self-worth. Money is seen as a member's way to one-up others. Status Money vigilance is a member's perceived need for ___________ about their financial matters. secrecy The ideal spending cycle a membe...