Fp 101 Final Exam

August 31, 2017 Law

Topic: Question: What is the basis for the concept of risk pooling? Answer: the law of large numbers. Key Terms: Risk pooling Topic: Question: How do insurers determine appropriate premiums for policyholders? Answer: by evaluating risk classifications Key Terms: Risk classifications Topic: Question: What is the term used to describe the situation when a person dies without a valid will? Answer: intestate. Key Terms: Intestate, Wills Topic: Question: How would you report a college scholarship for tuition expenses on your tax return? Answer: excluded from reporting as income Key Terms: College scholarships

Topic: Question: Which of the following is considered a tax credit, which will directly reduce the taxes you owe? Answer: Earned Income Credit Key Terms: Tax credits Topic: Question: Which of the following is not one of the suggested ways to find money to invest? Answer: Use existing home equity Key Terms: Investing Topic: Question: What is the basis for the concept of risk pooling? Answer: the law of large numbers. Key Terms: Risk pooling Topic: Question: How do insurers determine appropriate premiums for policyholders? Answer: by evaluating risk classifications Key Terms: Risk classifications Topic:

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

Question: What is the term used to describe the situation when a person dies without a valid will? Answer: intestate. Key Terms: Intestate, Wills Topic: Question: How would you report a college scholarship for tuition expenses on your tax return? Answer: excluded from reporting as income Key Terms: College scholarships Topic: Question: Which of the following is considered a tax credit, which will directly reduce the taxes you owe? Answer: Earned Income Credit Key Terms: Tax credits Topic: Question: Which of the following is not one of the suggested ways to find money to invest? Answer: Use existing home equity

Key Terms: Investing Topic: Question: What is the basis for the concept of risk pooling? Answer: the law of large numbers. Key Terms: Risk pooling Topic: Question: How do insurers determine appropriate premiums for policyholders? Answer: by evaluating risk classifications Key Terms: Risk classifications Topic: Question: What is the term used to describe the situation when a person dies without a valid will? Answer: intestate. Key Terms: Intestate, Wills Topic: Question: How would you report a college scholarship for tuition expenses on your tax return? Answer: excluded from reporting as income Key Terms: College scholarships

Topic: Question: Which of the following is considered a tax credit, which will directly reduce the taxes you owe? Answer: Earned Income Credit Key Terms: Tax credits Topic: Question: Which of the following is not one of the suggested ways to find money to invest? Answer: Use existing home equity Key Terms: Investing Topic: Question: What is the basis for the concept of risk pooling? Answer: the law of large numbers. Key Terms: Risk pooling Topic: Question: How do insurers determine appropriate premiums for policyholders? Answer: by evaluating risk classifications Key Terms: Risk classifications Topic:

Question: What is the term used to describe the situation when a person dies without a valid will? Answer: intestate. Key Terms: Intestate, Wills Topic: Question: How would you report a college scholarship for tuition expenses on your tax return? Answer: excluded from reporting as income Key Terms: College scholarships Topic: Question: Which of the following is considered a tax credit, which will directly reduce the taxes you owe? Answer: Earned Income Credit Key Terms: Tax credits Topic: Question: Which of the following is not one of the suggested ways to find money to invest? Answer: Use existing home equity Key Terms: Investing

x

Hi!
I'm Amanda

Would you like to get a custom essay? How about receiving a customized one?

Check it out