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Devry BUSN 380 Week 2 Quiz Latest

Just Click on Below Link To Download This Course:<br><br>https://www.devrycoursehelp.com/product/devry-busn-380-week-2-quiz-latest/<br><br>Devry BUSN 380 Week 2 Quiz Latest<br><br>Devry BUSN380 Week 2 Quiz Latest 2016 Jan.<br><br>1.t1.Question : (TCO 2) This type of tax is calculated based upon the value of land and buildings.<br>Personal<br>Real estate<br>Direct<br>Proportional<br>Regressive<br>Question 2. Question : (TCO 2) Interest earnings of $2,400 from a taxable investment for a person in a 28% tax bracket would result in after-tax earnings of<br>$672.<br>

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Devry BUSN 380 Week 2 Quiz Latest

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  1. Devry BUSN 380 Week 2 Quiz Latest Just Click on Below Link To Download This Course: https://www.devrycoursehelp.com/product/devry-busn-380-week-2-quiz-latest/ Or Email us help@devrycoursehelp.com Devry BUSN 380 Week 2 Quiz Latest Devry BUSN380 Week 2 Quiz Latest 2016 Jan. 1. 1.Question : (TCO 2) This type of tax is calculated based upon the value of land and buildings. Personal Real estate Direct Proportional Regressive Question 2. Question : (TCO 2) Interest earnings of $2,400 from a taxable investment for a person in a 28% tax bracket would result in after-tax earnings of $672. $1,728. $2,400. $3,333. $8,571. Question 3. Question : (TCO 2) _____ can reduce taxable income. Portfolio income

  2. Tax credits Exclusions Passive income Earned income Question 4. Question : (TCO 2) You have invested in the stock market and receive dividends. The dividend income must be reported as _____ income. passive earned investment capital gain excluded Question 5. Question : (TCO 2) George Washburn had earnings from his salary of $44,000, interest on savings of $800, a contribution to a traditional individual retirement account of $2,000, and dividends from mutual funds of $600. George’s adjusted income (AGI) would be $43,400. $44,000. $45,400. $42,000. $42,800. Question 6. Question : (TCO 2) _____ can be calculated as a result of various items being subtracted from gross income, such as individual retirement account contributions and alimony payments. Adjusted gross income Taxable income

  3. Earned income Passive income Total exclusions Question 7. Question : (TCO 2) Expenses that a taxpayer is allowed to deduct from adjusted gross income are called _____. exemptions exclusions itemized deductions tax credits passive income Question 8. Question : (TCO 2) Taxes owed can be reduced through _____. the standard deduction a tax credit an itemized deduction an exclusion an exemption Question 9. Question : (TCO 2) In order for a dependent to qualify as an exemption, he or she must be married. receive more than one half of his or her support from the taxpayer. be under age 16. be registered in school. be a relative. Question 10. Question : (TCO 2) People who _____ must make estimated quarterly tax payments.

  4. are employed in a foreign country. receive dividends. work for the government. do not have adequate amounts withheld from income. Question 11. Question : (TCO 2) A(n) _____ is an all-purpose account that provides several services. NOW account asset management account EFT account mutual fund money market account Question 12. Question : (TCO 2) An example of a _____ deposit is a checking account. common time current loan demand Question 13. Question : (TCO 2) An example of a place where one will encounter high fees for loans when borrowing money is a _____. credit union savings and loan association pawnshop commercial bank mutual savings bank

  5. Question 14. Question : (TCO 2) _____ are the major products offered by investment companies. Interest-bearing checking accounts Variable-rate loans Credit card accounts Savings bonds Mutual funds Question 15. Question : (TCO 2) One of the characteristics of a certificate of deposit is that it can have high interest-rate risk. low safety for savers. limited liquidity. a variable rate of return. no minimum deposit amount. Question 16. Question : (TCO 2) On a savings account, the rate of return can also be referred to as liquidity. compounding. yield. insolvency. asset management. Question 17. Question : (TCO 2) A savings account in which interest is compounded _____ would have the highest effective yield. daily annually semiannually

  6. monthly weekly Question 18. Question : (TCO 2) At times, funds deposited in an account may be restricted by_____. a holding period outstanding checks interest earned service charges electronic banking Question 19. Question : (TCO 2) Service fees would be _____ in the bank reconciliation process. added to the bank statement balance subtracted from the bank statement balance added to the checkbook balance subtracted from the checkbook balance Question 20. Question : (TCO 2) When an individual borrows money to purchase a new home, he or she will be charged a _____. prime rate discount rate mortgage rate Treasury bond rate corporate bond Download File Now

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