Which of the following is an example of pre-tax dollars:(1 point)
Responses
money paid for a car, not counting the sales tax
money paid for a car, not counting the sales tax
money used to pay for necessities such as food and shelter
money used to pay for necessities such as food and shelter
money removed from a paycheck to pay for benefits before income tax is taken
money removed from a paycheck to pay for benefits before income tax is taken
money used to pay for college tuition
money used to pay for college tuition
money removed from a paycheck to pay for benefits before income tax is taken
Which is true of a health savings account but not a flexible spending account?(1 point)
Responses
You can use it to pay for prescription medicines.
You can use it to pay for prescription medicines.
You can use it to pay for over-the-counter medicines.
You can use it to pay for over-the-counter medicines.
You must spend the money in it within a certain period of time.
You must spend the money in it within a certain period of time.
You can get the account only if you have a health insurance plan with a high deductible.
You can get the account only if you have a health insurance plan with a high deductible.
Why would someone choose to have extra money withheld from his paycheck for federal taxes?(1 point)
Responses
A person lives in a state with high income taxes and wants to make sure enough taxes are withheld.
A person lives in a state with high income taxes and wants to make sure enough taxes are withheld.
This person considers himself a patriot and wants to pay more taxes.
This person considers himself a patriot and wants to pay more taxes.
This person chose an insurance plan with a high deductible.
This person chose an insurance plan with a high deductible.
This person did not want to risk having too little money withheld and facing a penalty when filing their tax return.
This person did not want to risk having too little money withheld and facing a penalty when filing their tax return.
Which of the following jobs receives commission? Choose the two correct answers. (1 point)
Responses
firefighter
firefighter
job recruiter
job recruiter
doctor
doctor
salesperson
salesperson
gym teacher