Who normally pays the highest premiums for auto insurance? (Assuming they have a clean driving record.)
A teenage boy.
100
A detailed examination of your tax return by the IRS is called a/an
Audit
100
Ya Ya backs her car into a metal fence, causing $2000 worth of damage to her car. Ya Ya files a claim with her auto insurance. Her deductible is $500. How much will Ya Ya have to pay her insurance company to get her car fixed?
$500
100
Social Security is the nation’s
Insurance and retirement program
100
What type of insurance covers you if your car has a piano fall on it?
Auto
200
In the state of Missouri who is legally required to carry auto insurance?
Everyone who drives
200
What is the maximum number W-2s a person can receive in a given year?
There is no limit
200
Renter's insurance should be purchased by the______
Tenant
200
A(n) ___ is an adjustment to the tax withheld from your paycheck, based on your marital status and whether you have dependents.
Allowance
200
What insurance covers you if you go to the doctor because you cut of part of your big toe?
Medical
300
If you are willing to pay a higher deductable, what will happen to your premiums?
They will be cheaper.
300
The tax a person pays when he or she buys a DVD is
Sales tax
300
The individual who receives compensation in the event of loss is considered to be the ______
Beneficiary
300
What is a payroll deduction?
Money taken out of your gross pay or paycheck for taxes/insurance/retirement
300
Insurance is used as a ________ _______________ tool.
Risk management
400
How do claims inpact premiums?
They go up.
400
The _____ is a form that decides how much to withdrawal for allowances.
W4
400
The type of coverage which applies to damage you do to another person or their property is:
Liability
400
A 1040 form is used when
You are ready to file your annual tax return
400
FICA includes taxes to cover what?
Medicare and Social Security tax
500
How much auto insurance coverage is required in the state of Missouri?
25/50/10
$25,000 per person bodily injury limit
$50,000 per accident bodily injury limit
$10,000 per accident property damage liability limit
500
___ is the tax on wages, salaries, and self employed earnings.
Income tax
500
If you do not pay your insurance premium on time, the insurance company will: