unit 4 answers dave ramsey
why do you plan for retirement instead of relying on Social Security to take care of you?
(all) 1. monthly social security benefits are not going to be enough to live on comfortablely 2. you arent depending on someone else 3. the systemmay not be able to pay promised benefits in the future
which rule should you follow when interviewing?
(all) 1. present yourself well 2. arrive on time 3. maintain eye contact at all times
why is cash value life insurance not a good investment?
(allO 1. returns low 2. when you die the insurance comp keeps cash value 3. fees deducted from your return are high
an opinion of value on what a house is worth
appraisal
justin has a steady job with a masters degree and has saved 10,000 what housing option should he use?
buy
the one thing you can count on when it comes ot carreers
change
covers damage to a vehicle due to an automobile accident
collision
which is not a horrible mortgage option?
conventional
the value of you house over and above whta you owe
equity
ARM and balloon mortagages are good options for people with bad credit
false
not every state has FICA tax withholdings
false
term life insurance is more expensive because it funds a savings plan
false
the average job is five years in length
false
you do not need renters insurance if you live in a dorm at college
false
your salary is the most important mootivation for working
false
used to fund government programs agencies roads ecrt
federal income tax
the purpose of insurance is to increase your investmenta
flse
what part of your homeowners insurance policy will you replace the contents of your house regardless of value?
garunteed replacement
what role does the resume play in the job hunting process?
gets you an interview
what is the difference between gross pay and net pay?
gross pay is before taxes net pay is after taxes
the best type of identity theft insurance is one that
includes restoration services
a good way to save on insurance premium is to
increase your deductable
loan payments on a house
mortgage
which is a type of insurance to avoid?
mortgage insurance
provides an income if the insured person is unable to perform the job he or she trained for
occupational disability
your job should blend all but which of the following?
parents wishes
the amount you pay annually quarterly or monthly for insurance
premium
the face value of a mortgage not including interest
principal
source of revenue for local governments
property tax
experts in buying and selling homkes
realtors
greg travels frequently which housing option is best for him?
rent
julie works full time and is finishing college so she can be a teacher. what housing option would be best for her?
rent
covers the contencts of a house or apartment when you rent
renters insurance
lists your personal work and education history
resume
major source of revenue for state governments
sales tax
which of the following will not likely lead to reduced insurance rates?
speeding tickets
which tax may or may not be withheld from your paycheck depending on where you live? S
state
life insurance for a specified period of time
term life insurance
which is an advantage of taking a 15 yr mortgage vs a 30 yr mortgage?
the difference you save in interest is significant
the primary reason for insurance is to
transfer risk
amenities and extras such as health clubs and spas, will increase the rental price of anapartment
true
if your mortgage payment exceeds 25% of your net income, you have bought more house than you can afford
true
incresing your deductible usyally decreases the premium
true
making a good first impression in the interview process
true
the co-pay is the amount of money you pay out of pockey when you make a visit to a hospital or doctors office
true
the multiple listing service is the computer system that contains real estate listings from all realtors
true
there are two parts to FICA: Medicare and Social Security
true
you should always use a realtor when selling a home
true
what is true about your strengths and personality?
you grow the most in your areas of strength
you are ready to buy a home under the following conditions
you havean emergency fund and you can pay at least 190% down