Budgeting Answers
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When studying finance or economics, the cost of a decision is also known as a(n)
A
personal cost.B
financial cost.C
long-term cost.D
opportunity cost.22
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Brandon owes his brother $120. He has a stamp collection worth $1,250 and he has $300 in a bank account. He also has a skateboard worth $95.Which are Brandon’s assets?
A
the stamp collection onlyB
the bank account onlyC
the stamp collection and the bank account onlyD
the stamp collection, the bank account, and the skateboard23
Sales tax is calculated
A
based on the number of items purchased.B
using a percentage of the price of an item.C
before a sale discount is applied.D
as a percentage based on federal law.24
How can an employer's retirement matching program encourage an employee to save for their retirement?
A
It increases an employee’s regular paycheck.B
It ensures financial stability in the short term.C
It boosts savings by adding extra funds to the employee's contribution.D
It enhances employee knowledge through mandatory financial seminars.25
The image shows a W-2 form.
A
It shows how much a person paid in taxes, and how much more is due.B
It shows how much a person earned, and how much was withheld in taxes.C
It shows how much a person earned, and how much tax is to be refunded.D
It shows how much a person paid in taxes, and whether they have a spouse.Did you find these answers helpful?
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