BUSN 380 DEVRY WEEK 2 QUIZ LATEST
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>BUSN</strong> <strong>380</strong> <strong>DEVRY</strong> <strong>WEEK</strong> 2 <strong>QUIZ</strong> <strong>LATEST</strong><br />
Downloading is very simple, you can download this Course here:<br />
http://wiseamerican.us/product/busn-<strong>380</strong>-devry-week-2-quiz-latest/<br />
Or<br />
Contact us at:<br />
SUPPORT@WISEAMERICAN.US<br />
<strong>BUSN</strong> <strong>380</strong> DeVry Week 2 Quiz Latest<br />
<strong>BUSN</strong><strong>380</strong><br />
<strong>BUSN</strong> <strong>380</strong> DeVry Week 2 Quiz Latest<br />
1. Question : (TCO 2) This type of tax is calculated based upon the value of land and buildings.<br />
<br />
<br />
<br />
<br />
<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<br />
28% tax bracket would result in after-tax earnings of<br />
$672.<br />
$1,728.<br />
$2,400.<br />
$3,333.<br />
$8,571.<br />
Question 3. Question : (TCO 2) _____ can reduce taxable income.<br />
<br />
<br />
<br />
<br />
<br />
Portfolio income<br />
Tax credits<br />
Exclusions<br />
Passive income<br />
Earned income<br />
Question 4. Question : (TCO 2) You have invested in the stock market and receive dividends. The<br />
dividend income must be reported as _____ income.<br />
<br />
passive
earned<br />
investment<br />
capital gain<br />
excluded<br />
Question 5. Question : (TCO 2) George Washburn had earnings from his salary of $44,000, interest on<br />
savings of $800, a contribution to a traditional individual retirement account of $2,000, and dividends from<br />
mutual funds of $600. George’s adjusted income (AGI) would be<br />
$43,400.<br />
$44,000.<br />
$45,400.<br />
$42,000.<br />
$42,800.<br />
Question 6. Question : (TCO 2) _____ can be calculated as a result of various items being subtracted<br />
from gross income, such as individual retirement account contributions and alimony payments.<br />
<br />
<br />
<br />
<br />
<br />
Adjusted gross income<br />
Taxable income<br />
Earned income<br />
Passive income<br />
Total exclusions<br />
Question 7. Question : (TCO 2) Expenses that a taxpayer is allowed to deduct from adjusted gross<br />
income are called _____.<br />
<br />
<br />
<br />
<br />
<br />
exemptions<br />
exclusions<br />
itemized deductions<br />
tax credits<br />
passive income<br />
Question 8. Question : (TCO 2) Taxes owed can be reduced through _____.<br />
<br />
<br />
<br />
<br />
<br />
the standard deduction<br />
a tax credit<br />
an itemized deduction<br />
an exclusion<br />
an exemption<br />
Question 9. Question : (TCO 2) In order for a dependent to qualify as an exemption, he or she must<br />
be married.<br />
receive more than one half of his or her support from the taxpayer.<br />
be under age 16.
e registered in school.<br />
be a relative.<br />
Question 10. Question : (TCO 2) People who _____ must make estimated quarterly tax payments.<br />
<br />
<br />
<br />
<br />
are employed in a foreign country.<br />
receive dividends.<br />
work for the government.<br />
do not have adequate amounts withheld from income.<br />
Question 11. Question : (TCO 2) A(n) _____ is an all-purpose account that provides several services.<br />
<br />
<br />
<br />
<br />
<br />
NOW account<br />
asset management account<br />
EFT account<br />
mutual fund<br />
money market account<br />
Question 12. Question : (TCO 2) An example of a _____ deposit is a checking account.<br />
<br />
<br />
<br />
<br />
<br />
common<br />
time<br />
current<br />
loan<br />
demand<br />
Question 13. Question : (TCO 2) An example of a place where one will encounter high fees for loans<br />
when borrowing money is a _____.<br />
<br />
<br />
<br />
<br />
<br />
credit union<br />
savings and loan association<br />
pawnshop<br />
commercial bank<br />
mutual savings bank<br />
Question 14. Question : (TCO 2) _____ are the major products offered by investment companies.<br />
<br />
<br />
<br />
<br />
<br />
Interest-bearing checking accounts<br />
Variable-rate loans<br />
Credit card accounts<br />
Savings bonds<br />
Mutual funds<br />
Question 15. Question : (TCO 2) One of the characteristics of a certificate of deposit is that it can have<br />
<br />
<br />
high interest-rate risk.<br />
low safety for savers.
limited liquidity.<br />
a variable rate of return.<br />
no minimum deposit amount.<br />
Question 16. Question : (TCO 2) On a savings account, the rate of return can also be referred to as<br />
<br />
<br />
<br />
<br />
<br />
liquidity.<br />
compounding.<br />
yield.<br />
insolvency.<br />
asset management.<br />
Question 17. Question : (TCO 2) A savings account in which interest is compounded _____ would have<br />
the highest effective yield.<br />
<br />
<br />
<br />
<br />
<br />
daily<br />
annually<br />
semiannually<br />
monthly<br />
weekly<br />
Question 18. Question : (TCO 2) At times, funds deposited in an account may be restricted by_____.<br />
<br />
<br />
<br />
<br />
<br />
a holding period<br />
outstanding checks<br />
interest earned<br />
service charges<br />
electronic banking<br />
Question 19. Question : (TCO 2) Service fees would be _____ in the bank reconciliation process.<br />
<br />
<br />
<br />
<br />
added to the bank statement balance<br />
subtracted from the bank statement balance<br />
added to the checkbook balance<br />
subtracted from the checkbook balance<br />
Question 20. Question : (TCO 2) When an individual borrows money to purchase a new home, he or<br />
she will be charged a _____.<br />
<br />
<br />
<br />
<br />
<br />
prime rate<br />
discount rate<br />
mortgage rate<br />
Treasury bond rate<br />
corporate bond
Change language