Podcast
Questions and Answers
What does bankruptcy help to do according to the text?
What does bankruptcy help to do according to the text?
- Affect your credit negatively
- Increase your debts
- Wipe out all your debts (correct)
- Maintain your current debt status
According to the credit card law, can the issuer charge a fee for ATM cash withdrawals without your permission?
According to the credit card law, can the issuer charge a fee for ATM cash withdrawals without your permission?
- They can charge a fee only if you exceed a certain limit
- Yes, they can charge a fee
- They can charge a fee but only on weekends
- No, they cannot charge a fee (correct)
What is the 'Grace Period' in a billing cycle?
What is the 'Grace Period' in a billing cycle?
- A period to accumulate extra penalties
- A period where late payments are accepted without penalty (correct)
- A period with reduced interest rates
- A period where no payments are due
Do retail charge cards usually have lower interest rates compared to credit cards?
Do retail charge cards usually have lower interest rates compared to credit cards?
Do merchants pay lower transaction fees for debit cards compared to credit cards?
Do merchants pay lower transaction fees for debit cards compared to credit cards?
Are earned income and adjustable gross income considered the same for IRS purposes?
Are earned income and adjustable gross income considered the same for IRS purposes?
What type of entity must file a separate tax return for the business?
What type of entity must file a separate tax return for the business?
What does an 'IPO' refer to?
What does an 'IPO' refer to?
Why do dividends received by individual shareholders appear to be taxed twice?
Why do dividends received by individual shareholders appear to be taxed twice?
What happens if a credit card company increases your APR?
What happens if a credit card company increases your APR?
How often is the Net Asset Value (NAV) of a mutual fund calculated and published?
How often is the Net Asset Value (NAV) of a mutual fund calculated and published?
What is the main concept behind the time value of money?
What is the main concept behind the time value of money?
What is the priority order for paying off debts according to the text?
What is the priority order for paying off debts according to the text?
According to the credit card law mentioned, where are payments in excess of the minimum first applied?
According to the credit card law mentioned, where are payments in excess of the minimum first applied?
What is a characteristic of a general partner in a partnership?
What is a characteristic of a general partner in a partnership?
If you have $100,000 of annual earned income, what would be your combined contribution to Social Security and Medicare?
If you have $100,000 of annual earned income, what would be your combined contribution to Social Security and Medicare?
When can a vendor put a "hold" on your credit card account according to the text?
When can a vendor put a "hold" on your credit card account according to the text?
What does the pass-through tax deduction apply to?
What does the pass-through tax deduction apply to?
Which of the following statements is true about the marriage tax penalty?
Which of the following statements is true about the marriage tax penalty?
What is considered the best way to reduce risk in owning stocks?
What is considered the best way to reduce risk in owning stocks?
Do target date funds adjust your asset allocation as you get older?
Do target date funds adjust your asset allocation as you get older?
What do successful stock investors tend to do?
What do successful stock investors tend to do?
When itemized deductions are higher than the standard deduction, what should you do?
When itemized deductions are higher than the standard deduction, what should you do?
What is the most important factor in determining whether investors will pay more for a stock in the future?
What is the most important factor in determining whether investors will pay more for a stock in the future?
What could cause a default on a bond?
What could cause a default on a bond?
Is it true that the only interest paid on a credit card balance is the go-to-rate?
Is it true that the only interest paid on a credit card balance is the go-to-rate?
What is a 'wash sale' in relation to stock trading?
What is a 'wash sale' in relation to stock trading?
Do partners in a partnership have liability for federal income taxes even without cash distributions?
Do partners in a partnership have liability for federal income taxes even without cash distributions?
Do shareholders in a corporation have unlimited liability?
Do shareholders in a corporation have unlimited liability?
What types of income are included in earned income?
What types of income are included in earned income?
