BFIN

A contract needs to identify two parties to be bound to the agreement as written, and record the signature approval.

true

A cryptocurrency multilateral agreement is automatically enforced through the use of smart contract technology.

true

A good estimate for the percentage a typical gross pay amount will be reduced by all typical deductions is 25%.

true

A paycheck is a 3 part record of 3 money transfers between 3 parties.

true

A salesperson is paid a fee, usually a commission based on the sale amount, to help make a decision today, right now.

true

A thumbnail estimate of your take-home pay is 75% of your gross pay.

true

According to the U.S. Census report the percentage of people covered by any type of health insurance in 2015 and 2016 remained over 90%.

true

All bank checks are custom designed but adhere to industry standards.

true

All negotiable paychecks and paystubs are custom designed documents.

true

An advisor is paid a fee, usually by you, to help you make a decision.

true

An agreement without consideration is not a contract.

true

As a general rule, you should spend no more than 20 to 25 percent of your income on housing and utilities.

true

Behavioral Science's Dual Process Theory originated at Princeton University in 2002

true

Behavioral Science's Rational Choice Theory originated at the University of Chicago in 1980.

true

Breach-of-Contract means when one party fails to perform his part of the agreement.

true

Cash is considered the most liquid form of wealth because it can transform into multiple shapes.

true

College students remain a lucrative target market for credit card companies even after the advent of the Credit Card Act of 2009.

true

Credit Unions have less fees and the same or better rates with the equivalent federal government insurance coverage as the commercial retail banks.

true

Cryptocurrency wallet holders are simultaneously creditors and debtors of smart contract claims vis-à-vis their cryptocurrency community.

true

Customers with only on credit account opened with the past 18 months are 75 points worse off than those with more accounts, typically.

true

Depending on the amount of college debt you may take 20 years of working to catch up to your peer, with only a high school diploma, in life time earnings.

true

Don't care who's fault the accident was caused by is covered by no-fault rider.

true

Each employee actually costs the employer slightly more than the employee gross pay to help pay for government provided worker benefits.

true

Earning a college bachelor degree is no guarantee that you will manage your money well.

true

Employees in the U.S. are entitled to the protections of the Fair Labor Standards Act minimum wage and overtime pay, but contractors are not even if they are crowdsourced.

true

Even though I may be coming out ahead with the value of a large assets like a car, the weekly cash flow can be a big challenge to maintain until sold.

true

Every year thousands of dollars in student grants and scholarships go unused because no student applied.

true

Federal Insurance Contribution Act (FICA) is also called Social Security.

true

For college students, identity theft insurance is most likely a waste of money.

true

Getting a good job is harder today than for your parents in part because employers have raised the bar on the skills workers need to start a job.

true

Groups such as Public Citizen argue that people are forced to waive their legal rights because arbitration clauses are presented in contracts on a take-it-or-leave-it basis.

true

Having your job title specified in your employment contract specifies the scope of your corporate role.

true

I earned $4,000 last year and received a W-2 and am not required to file federal or state income tax.

true

If I have nothing of value to lose, then I don't need to worry about insurance.

true

If working remotely at home is a possibility and something you have discussed, then the employment contract should reflect the option.

true

In general, more education increases employment prospects and earnings.

true

Insurance companies and HMO's usually negotiate a 50% discount for hospital services.

true

Insurance is the equitable transfer from one entity to another the potential loss risk in exchange for a payment.

true

Justice Ruth Bader Ginsburg the lone dissent in an 8:1 decision, criticized her peers for not considering the Credit Repair Organizations Act in the way a consumer would.

true

Keeping score of your wealth is done with a balance sheet.

true

Learning how to make smart money management decisions is about mastering your decision making behavior not necessarily knowing more financial facts or terms.

true

Like 70% of all Americans if my AGI was less than $62,000 then I can use the IRS.gov FREE FILE on-line federal tax filing service.

true

Many large apartment buildings require renters insurance.

true

Medicare taxes 2018 per employee/employer are 1.45% on all earnings.

true

Most states have wage FAQs posted on their Department of Labor web site, as does NJ.

true

Obamacare is officially called the Patient Protection and Affordable Care Act and was signed in to law on March 23, 2010.

true

Payments for a leased vehicle are structured in a way that makes the associated finance charges higher than those for a regular auto loan.

true

Read the fine print is a reference to the small print font of a legal contract where the very big details are written.

true

SHU is above national average in annual cost

true

Since the IRS will never call you, any call you receive from an IRS agent is highly likely to be a scammer.

true

Some Americans have decided to delay any vacation due to debt levels.

true

Sometimes the monthly cash flow to maintain a car can break my budget even though the purchase price was a great deal.

true

Sometimes we can guess that things might go wrong and spell out remedies in advance.

true

The Federal Withholding amount is calculated based on your W4 elections.

true

The NRA, the AARP, and the ACLU, are all examples of 501 C 4 organizations.

true

The Rule of 72 is used to calculate how long a loan takes to double in size at a stated interest rate.

true

The Supreme Court sided with AT&T Mobility, deciding that the company could force customers to settle their disputes through arbitration.

true

The bottom line is love affects not only your heart but also your wallet.

true

The courts have held there is no excuse for not reading the contract.

true

The estimated average cost for 4 years at SHU is $200,000.

true

The estimated average indebtedness of a SHU graduating undergraduate is $35,000.

true

The goal of the living wage campaign is to make sure the minimum wage is equivalent to the true cost of living.

true

The good news is that SHU is above the national average in graduation rate and salary after attending.

true

The government receives payroll tax payments from you, the employee, and the company that employs you.

true

The median net worth of families headed by a person thirty-five to forty years old was 30 percent less in 2010 than it was for their counterparts in 1983.

true

The obvious reason for me to file a federal income tax return while a student is to get the refund of money withheld from that summer job as shown on my W2.

true

Updating a personal balance sheet every year is an excellent way to evaluate what my car is worth to me.

true

When buying a car from a private seller it is best to meet and test drive the car during the daytime in a neutral and public place.

true

When you buy a car, unlike a lease, the car is an asset when figuring your balance sheet net worth.

true

While it may not seem very romantic, being aware of what love costs may be the very thing that helps love grow.

true

You pay 1.45% out of your pay and your employer pays an additional matching 1.45% to support Medicare.

true

Your employer pays both you and the government with each paycheck.

true

an agreement without consideration is not a contract

true

college education is long term

true

federal student loans cost less and are easier to repay

true

getting a good job is harder today than for your parents in part because companies recruiting on campuses have shifted and the process is much different.

true

life time earnings of 4 year degree holder will out earn high school diploma holder in 20 years

true

salesperson is paid a fee, usually a commission based on sale amount to help make a decision today

true

the educated get the job and the educated stay employed

true

A broken arm will cost approximately $2,500 including an ER visit, x-ray, and cast.

true

A bank check is a valid contract.

false

A payment authorization, when using Amazon to buy socks, is the same as signing a contract.

false

A valid contract requires both parties to sign the contract at the same time and in the presence of each other.

false

A whole life insurance is always less expensive monthly payments than a term policy.

false

Bank fees are always small and should be ignored when deciding on which institution to bank with.

false

If my company fails to send me a W2 for the prior year I must wait past 4/15 before filing.

false

My financial buddy should be an expert in the stock market.

false

Prior to filing my state income tax return I must also complete a W2 form and if I have interest income also file a federal 1099-INT form and send them to the county clerk where my home is.

false

The ABA routing and account information shown on the bottom of your paycheck specifies your personal bank account for funds to be deposited into.

false

The NRA, like the Red Cross, is tax deductible 501 C 3 charitable organization.

false

The U.S. has a progressive tax rate system such that at very high income levels you pay 100% of your earnings to taxes.

false

The house purchase closing meeting is simple with little paperwork to sign.

false

The house structure is greater portion of the property value.

false

The smartest financial analyst you can find on the web, even if you don't know them, make the best financial buddy.

false

Using the money in my educational 529 Savings Plan for a vacation over spring break is allowed only if I am a full-time student that semester.

false

Your parents are the best choice for a financial buddy since they pay for everything anyway.

false

f I currently pay $800/month rent I should easily afford buying a house.

false

401K is a retirement savings plan

true

A W4 requires your name and address, your SSN, your signature, date, and the number of allowances claimed which we recommend is 0.

true