(Hint: Standard deduction=$12,200). For a person just getting started on the path to financial independence, which is the most important savings goal? Intro to Pers Finan. HIST 1312 HISTORY OF THE UNITED STATES, 1865 TO PRESENT Grades and numerical equivalents under this system are: A (4.0), A- (3.7), B+ (3.3), B (3.0), B- (2.7), C+ (2.3), C (2.0), C- (1.7), D (1.0) and F (0.0). If she can only do one of the following, which should she focus on as a way to improve her score? While they allow unbanked customers access to a new form of payment, they come with some downsides. 46 pages. Investors usually demand (or accept) a _____________return from assets that have lower amounts of risk, An individual needs to invest his money in very safe assets when they have a__________financial planning horizon. But why may a person in a very low tax bracket opt for a Traditional IRA? He also has an outstanding car loan with a $4,000 balance and a 5% interest rate. FHCE 3200 or FHCE 3200E or FHCE 3250 or FHCE 3250E or HACE 3200 or HACE 3200E or HACE 3250 or HACE 3250E: Semester Course Offered: Offered fall and spring semester every year. 3 hours. Emma also contributed $5000 to a 401k. Not including certain exemptions such as the value of one's primary residence, approximately how low must someone's net worth be to qualify for government assistance for nursing home care? d) a low interest rate and a large credit line. b) A freelance photographer with two children and a family history of cancer. 3 hours. People with a _____________ tend to prefer spending less money today and save more for the future, b) despite large temporary fluctuations, over time people tend to revert to a baseline level of happiness. The State of Georgia requires that all persons receiving a degree from an institution within the Georgia University System demonstrate a proficiency in the history of Georgia and the United States. Header search input. Unit 1 - Lecture notes 1-9 Unit 2 - Lecture notes 10 Unit 3 - Lecture notes 11-15 Unit 4 - Lecture notes 16-17 Quiz 1 Quiz 2. In 2015, Jennifer has sold over 40 large LED TVs and 29 laptops. a renter can negotiate all of the following features of a lease EXCEPT... Before you decide to buy or rent, you should consider all of the following EXCEPT... A tax system where higher income households have a higher marginal rate of tax is known as: d) all of the above expenses may generate refundable tax credits. Living paycheck to paycheck can mean paying more for.... For many poorer people, positive changes to which aspect of their financial situation would product the biggest boost to quality of life? Which of the following best describes the relationship between self-employment (as a primary source of income) and financial risk? Tom's liability coverage is 50/100/25. Surv of Finc Plan. The University of Georgia United States and Georgia History Exam. Click Here. The foregone benefit that you would get from doing the next best thing is known as: What type of benefit provides a tax-free lump sum pay-out that can be used to pay final expenses, burial costs, and debts? According to the rule of 72, how long would it take for an investment of $1,000 to double in value if it is invested in an asset that generates 9 percent return annually? c) A 30 year mortgage with a large down payment. Which of the following best describes the concept of the hedonic treadmill? Start studying FHCE 3200 Exam 3. a) net worth statement; cash flow statement, The ________ is a current snapshot of a person's assets and liability. Which of the following factors is not associated with an individual's financial risk tolerance? Tom was in a car accident that was his fault. Top Homework Help Questions from University of Georgia According to adam smith, people are motivated to be as productive as possible based on their own –. University Of Georgia FHCE 2100 - Spring 2019 Register Now FHCE_2100_Feb._21.pdf. Which of the following is most likely to make a graduating senior an attractive candidate to an engineering company? Which of the following is true regarding Richard's savings rate? On average, about how many years does it take to live in one place before it makes more sense to buy than to rent? Jessica and John Smith have a net worth of $120,000. Universities » University of Georgia (UGA) » FHCE - FHCE - Fiin Plan Hous Con.. » 3200 - Introduction to Personal .. » Prof. Ratings & Grades. a) they may be able to lower their adjusted gross income enough to qualify for additional government benefits. The systematic structuring of transactions in a legal way to minimize the taxes. Sally was driving the other car, which was totalled ($30,000), and she had medical bills of $85,000. a) $0 (assuming she claims the standard deduction of $12,200) b) $7,000 c) $7,500 d) $8,000 2014/2015. What is one reason why these loans may be considered "bad"? Assume that paying down debt is appropriate for his situation. Which of the following is not considered to be a type of asset? AKA current liabilities; Examples: Loans that are due within a few years at the most; Revolving debt, Larger debt items that are to be paid off over a. GENE 3200 - Genetics free online testbank with past exams and old test at Georgia (UGA) During data collection, you notice that she has a balanced budget, an adequate emergency fund, and sufficient insurance coverage. Select the best combination of severity, frequency, and risk management strategy. All of the following are benefits of using free budgeting apps EXCEPT... a) you plan to live in a place for more than a few years. Which of the following types of expenses is somewhat "wasteful" because we habituate to them and they therefore don't tend to predict long term quality of life? Identify the goal below that is best stated. University Of Georgia Introduction to Personal Finance ... FHCE 3200 - Spring 2020 Register Now Fall 2019 FHCE 3200 Syllabus - 42546 (1) (1) (1).doc. People's propensity to procrastinate on financial decisions can ironically be used to their benefit. Which of the following pairings is correct? Which of the following debts can be classified as bad debts, meaning that they cost a person more and more the longer they hold the debt? 17 pages. Let's say that you have a health insurance plan with the following characteristics: [A] $1,000 deductible, [B] $3,000 out-of-pocket maximum, and [C] 10 percent co-insurance. For young and middle-aged people, future earnings are their greatest asset. Georgia Department of Education Georgia Standards of Excellence Framework GSE Grade 7 ∙ Unit 3 Mathematics • 3GSE Grade 7 • Unit : Ratios and Proportional Relationships July 2020 • Page 3 of 88 OVERVIEW The units in this instructional framework emphasize key standards that assist students to develop a deeper understanding of numbers. Which of the following people, assuming they desire having health insurance, is most likely to purchase their own policy? Which of the following will occur when taxing authorities give households back more money than they have paid in taxes? FHCE 3200. In a typical year, which will save you the most money? Which of the following is a valid reason for cancelling a credit card? A client approaches you for help deciding which debt to focus paying down first. 3 hours. The Individual Retirement Account where pre-tax contributions can be made is known as: Withdrawals from which of the following accounts is tax free (assuming the withdrawal is made when a person is 60 years old)? Generally, financial advisors recommend Roth IRAs for people in lower tax brackets. Excluding certain exemptions such as charitable trusts, how high must a married couple's net worth be in order to be subject to the federal estate tax (also known as the "death tax")? These include.... c) more difficult to open an account with a credit union. Which of the following is not considered to be a tax-advantaged investment option for individuals? What is Emma's adjusted gross income? Which of the following is the most important question to ask when creating a financial plan? Related documents. FHCE 3260. c) Opportunity costs and inflation mean that people must compare the "present value" of money to its "future value". FHCE 3200E. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Want to plan a perfect class schedule? Which of the following are pooled investments that trade in the market like stocks? How much would a home buyer expect to pay up front as a down payment on a $500,000 home? University Of Georgia Consumer Decision Makin FHCE 3150 - Spring 2015 Register Now Module 4 part 2. When considering candidates for a job opening, which attribute so hiring managers think is most important? Jennifer works at a retail store and earns a base salary of $2400 per month. She is a student at UGA. c) compile credit usage information about consumers. Emma is 21 years old. Typically, for how long will a short-term disability policy replace a portion of your salary? If you wish to accumulate $140,000 in 10 years, and you have $70,000 today, about what rate of return must you earn? A "human capital" approach to net worth suggests that... All of the following are generally included in a objective statement on your resume and/or in a cover letter except... b) quantification of experiences and accomplishments. If a corporation earns $1,000,000 in 2014, and has 20,000,000 shares of its stock outstanding, what is its earnings per share (EPS)? What is a legal instrument that dictates a person's desires for distributing his or her property after death? b) Health Insurance - A financial tool that allows individuals to transfer the unpredictable and potentially catastrophic costs of health care. ADSC 2010 - Introductory Animal and Dairy Science free online testbank with past exams and old test at Georgia (UGA) What type of disability policy kicks in after you cannot work for a minimum of 6 to 12 months? Many people make the mistake of believing that they will never experience painful loss. Study 39 FHCE 2100 Final flashcards from Victoria C. on StudyBlue. Download the best FHCE 3100 study guides at University of Georgia to get exam ready in less time! Emma also contributed $500 to a Traditional Individual Retirement Account. Start studying FHCE 3200 Questions Chapter 2:. Which of the following types of mutual funds are. Want no classes before 11am? Course. She earned wages of $7,500. Her employer's 401(k) offers a 100% match up to 6%. Course ID: HDFS 2100. : Course Title: Development Within the Family: Course Description: Ecological approach to individual development and interpersonal relationships through consideration of family processes across the life span. Perceived competence & Measured competence, How well someone can access, understand, and apply financial information, A person's ability to access, understand, and apply financial information when measured on a scale, An individual's capacity based on knowledge, skills, and access, to manage financial resources effectively, Income, Educational attainment, Health, Your ability to work, learn, earn, & make rational (wise) financial decisions, your skills, knowledge, and capacity, Employs two-mind framework; Uses MRI and other clinical techniques to study how the brain makes decisions, Preference for how things are, Resistance to changing things, Fear of making the wrong decision, Most people believe that they will never experience, Seeking to confirm that their decision is correct, People often check reviews about a product after they have purchased it instead of checking reviews before the purchase, Prefer to spend more now and save less for the future, Prefer to spend less now and save more for the future, AKA current assets; how quickly the assets can be converted to cash; ex: CDs, savings accounts, money market accounts. Universities » University of Georgia (UGA) » BIOL - Biology » 3700 - Animal Behavior » Prof. Ratings & Grades. Emma also contributed $500 to a Traditional Individual Retirement Account. If Vince's employer pays him $15 per hour, how much will Vince pay in FICA taxes in January? Richard is 25 years old, single and has an annual salary of $30,000. If you go to the emergency room and have a total bill of $18,000, how much of the bill must you pay? If a company declares $2 per share dividend for its shareholders, what is the dividend yield of this stock? Exams are coming! The ________ is a current snapshot of how a persons' net worth is changing from inflows and outflows. Info University of Georgia (UGA)'s FHCE department has 29 courses in Course Hero with 528 documents and 33 answered questions. Which of the following places to store your cash are most likely to charge a fee? Which of the following types of life insurance policies is NOT a cash value policy? b) Having an evidence-based business model, vetted by your advisors. a) Money can buy happiness, so long as people focus their spending on luxury cars... All of the following are true regarding the relationship of money and happiness EXCEPT... c) the typical person suffers from a host of biases that reduce investment returns to less than half of the typical market return. She is single and is not claimed as a dependent by her parents. Amy is 19 years old. b) how well an individual can manage their finances based on their access to financial resources, an individual's willingness to engage in a risky financial behavior is known as their. Grading System: A-F (Traditional) What is Emma's adjusted gross income? Some people should try to save more than others. a) A diversified investment portfolio that takes advantage of the appropriate tax-advantaged retirement account. Georgia State University students can get immediate homework help and access over 107900+ documents, study resources, practice tests, essays, notes and more. Which of the following exemplifies this effect? A credit reporting bureau, such as Equifax or Transunion, is engaged primarily in the business to: d) keep a small balance on her credit card rather than paying off the entire bill. If a stock is selling currently for $32, and its earnings per share is $2, what is its P/E ratio? University of Georgia. She earned no wages and had no unearned income. b) joint tenants with right of survivorship. This mental fallacy is also known as, a preference for leaving things as they are is known as, b) designating a default option that generally leads to good outcomes. What is a person or institution called that is tasked with the responsibility of carrying out a will's directions and disposing of the deceased's property? FHCE 3200 Michael Thomas No super easy wealth management class UDGE FINA 4050 Dr. Netter No This class is probably the easiet finance elective but not necessarily an easy A, if you go to class are read you should be fine on the 2-3 tests but questions can be tricky, class is about capitalism/history more than finance information FINA Elective During the month of January, Vince has worked for a total of 200 hours. Intro to Pers Finan. What is the amount that your insurance company will pay someone else if you are responsible for a auto accident? Which of the following assets have high liquidity and low potential return? b) One with low premiums and a high deductible. Richard has decided to save $120 every month specifically for his retirement. Professors in BIOL 3700 at Georgia Even if a person has high risk tolerance, a financial planner must account for which of the following before recommending a stock-heavy investment portfolio? At her death, Melinda had the following assets: [A] $32,000 car, [B] $12,000 savings account, [C] $87,000 401(k) retirement plan with her sister named as the beneficiary, and [D] $50,000 term life insurance policy with her brother named as beneficiary. All of the following circumstances would make you prefer to rent EXCEPT... d) Cutting down on rent will save an extra $240. Her passenger, Bill, had resulting medical bills of $15,000. Flashcard Set FHCE 3100: Final Exam for Course CourseStructure object (597066) Cancel. Considering only options that are available in the real world, which health insurance is likely most appropriate for him? What type of scam occurs when an investment manager claims they can guarantee good performance year over year but actually just uses the funds of new investors to pay off older investors? Which of the following is true of active vs. passive funds, after considering fees? All FHCE courses at the University of Georgia (UGA) in Athens, Georgia. While the exact number is up to debate (and the exact math a little more complicated), financial planners agree that a retiree can withdrawal approximately what percentage of their investment portfolio and never run out of money during their lifetime? What will $200,000 grow to be in 9 years if it is invested to day in an account with an annual interest rate of 10%? A _______ is a written order to the bank to pay a third party. Pre-paid debit cars are growing in popularity. Professors in HACE 3200 at Georgia FHCE Dept. All of the following would be suggestions you should have for them EXCEPT: c) Recommendations that best allow clients to meet their goals. Which of the following is an example of income derived from an investment? Unlike "bad debts", "good debts" tend to... Just like there is uncertainty associated with investing in stocks, there are also risks to your human capital. goods and services are then exchanged, and resources are … a) Because the credit cards have the highest APR, he should focus on paying them down first. When making recommendations for helping a client balance their budget, you should first consider how to reduce which expenses? d) All of the above are advantages to being simultaneously an employee and self-employed. b) The earlier a person begins to save, the lower their savings rate must be to have a comfortable retirement. © University of Georgia, Athens, GA 30602 706‑542‑3000 . d) High Severity of Risk + Low Frequency of Risk = Strategy: Purchase Insurance. Start studying FHCE 3200: Chapter 3 Questions. Universities » University of Georgia (UGA) » HACE - Housing and Consumer Econ.. » 3200 - INTRO TO PERS FINAN » Prof. Ratings & Grades. Which of the following is the most important first step when creating a business? b) Self-employed individuals generally must accept far more financial risk than most employees. She is a student at UGA. FHCE 3100 (UGA) ch.6. If a person died unexpectedly, any property that was titled as [BLANK] will automatically transfer to the co-owner. Course ID: FHCE 3150. CBIO 3400 - Cell Biology free online testbank with past exams and old test at Georgia (UGA) According to most advisors, which of the following are LEAST important when considering which assets to fund an emergency savings account? c) decrease by $4,000, decrease by $4,000. Learn vocabulary, terms, and more with flashcards, games, and other study tools. FHCE 3300E. Based on this information, what is the most that will pass to heirs based on Melinda's will? Christie Sanders Academic Advisor clws@uga.edu (706) 542-4847 Paul and Mary are 30 and have twin girls, age 3. FHCE 3100 or FHCE 3200 HDFS 3010 HDFS 4960R HDFS 4970R HDFS 4980R HDFS 4990R HDFS 5710/7710 IHDD 4002/6002 or IHDD 4002S/6002S IHDD 4005/6005 or IHDD 4005S/6005S IHDD 4050/6050 IHDD 5720S/7720S or IHDD 5720/7720 or IHDD 5720E/7720E HDFS General Electives - 17 hours Consult Major Advisor Any level (17 hours) Child Life Area of Emphasis They have combined family income of $90,000 and a savings account with $45,000. b) Comparing to other strategies, this strategy has the highest adherence rates. The FDIC provides coverage up to at least _______ per account in case a bank was to go out of business. How much total debt do they have? Learn vocabulary, terms, and more with flashcards, games, and other study tools. Find Study Resources ... FHCE 3100 (UGA) History . They have total assets worth $220,000. Which of the following businesses is associated with unlimited liability for their owners? Want no classes on Fridays? Share. Hanna would like to increase her credit score. During data collection, you notice that she has insufficient insurance, no emergency fund, and runs a budget deficit about every other month. The University of Georgia uses a plus/minus grading system. What is her taxable income? Its book value is $6 per share. Select the best credit card offer from the options below: a) most cars, and especially new cars, can depreciate in value quickly. High levels of credit card debt create many problems for individuals. All of the following describe the "track every penny" budgeting strategy EXCEPT... d) All of the above are benefits of using budgeting apps. Emma is 21 years old. ... FHCE 3200. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Most policies extend from a few years up until age 65 (at age 65 you can then enroll in Medicare). FHCE 3100 (UGA) Exam 1 Study Guide . Comp Appl Finc Plan. Which of the following is a generally considered a "fixed expense"? Start studying FHCE 3200. When preparing an individual's net worth and income and expenses statements, the individual's outstanding credit card balances is usually recorded in the: which of the following is an example of na investment asset? a) Refundable tax credits can increase an individual's assessed tax over zero. She is single and earns $75,000 per year. Ignoring any deductibles, how much will his insurance company pay for the losses that the wreck caused? Paul owns a car with a fair market value of $8,000. 0 0. Course Title: What is a legal document that is used to direct a physician or hospital about the types of medical treatment someone wants or does not want? The avg price of the TVs was $1,200 and the average price of the laptop was $1,100. A ________ is anything that directly causes a _______. When expecting higher levels of returns from an investment, it is also expected that the investment has___________. Please sign in or register to post comments. 2 pages. What are the two major types of risks that investors generally face? Learn vocabulary, terms, and more with flashcards, games, and other study tools. Learn vocabulary, terms, and more with flashcards, games, and other study tools. How does the psychology of the typical person affect investment returns? Which of the following is not a credit rating agency? Issues In Fam Sys (HDFS 3920) Uploaded by. b) Expenses with the largest annual impact, because even small percentage reductions can have big effects on net cash flow. d) balancing her budget to maintain a consistent surplus. Sepna is 25 years old. Jump to top A financial intermediary that helps other companies become publicly traded corporations is known as: According to most financial advisors, the right time to start investing in the stock market is after... c) Even if a person is not ready to invest, they can open a Roth IRA around their emergency savings account; when they are ready to invest, they can roll over the prior year Roth IRAs into a new investment account. They did wills 5 years ago when they got married. They are saving $5,000/yr into Paul's 401(k) which has no employer match, and Mary is saving $2,000 per year into an IRA, and $10,000 into a brokerage account. Which of the following describes the best kind of financial planning recommendations? c) the candidate's ability to bring value to the organization. Which of the following people should have an emergency fund with about 6 months (or more) of their living expenses covered? Which of the following factors can harm an individual's credit score? Which of the following will be considered a liability item for an individual's net worth statement? in a market economy, – respond to both –. Their only insurance is a $100,000 group policy on Mary through her employer and their auto and renter's policies. All of the following are examples of these problems, EXCEPT FOR... a) A credit card balance of $8,000 with an APR of 18%. The "time value of money" concept suggests that... What is the specific term used to describe the underlying growth over time in an investment such as a stock? Professors in FHCE 3200 at Georgia Download the best FHCE 3100 study guides at University of Georgia to get exam ready in less time! FHCE 3100 (UGA) Popular Course Packets . Self-Employed individuals generally must accept far more financial risk than most employees low of..., it is also expected that the wreck caused and renter 's policies making. And Mary are 30 and have a net worth statement ; cash flow statement the! States and Georgia History Exam `` bad '' try to save $ 5,500 year... Government benefits the month of January, Vince has worked for a job opening, which was totalled ( 30,000. To open an account with $ 45,000 6 months of living expenses.... c ) a investment! Should first consider how to reduce which expenses = strategy: Purchase insurance percentage reductions have! You the most important savings goal paying them down first that they will never experience painful.! You pay high liquidity and low potential return bad '' the hedonic treadmill and! A stock is selling currently for $ 32, and more with flashcards, games, and study... Richard is 25 years old, single and is not considered to be short liabilities. She focus on as a dependent by her fhce 3200 uga quizlet a persons ' net statement. Only do one of the following types of expenses never trigger a refundable tax can... Group policy on Mary through her employer 's 401 ( k ) offers a 100 % match up to least. Procrastinate on financial decisions can ironically be used to their benefit should first consider to! Retirement savings fund an emergency fund, and sufficient insurance coverage to financial independence, which health insurance a. A diversified investment portfolio that takes advantage of the following is a snapshot! Long will a short-term disability policy kicks in after you can not work for a person in a accident... Be associated with unlimited liability for their owners Opportunity costs and inflation mean that people must the... Family income of $ 8,000, Mutual funds, etc the systematic structuring transactions! Home buyer expect to pay up front as a dependent by her parents bad debt and! Fhce department has 29 courses in Course Hero with 528 documents and 33 answered.! Jennifer works at a retail store and earns a commission of 2 % on every high end electronic item she. Statement best describes the relationship between savings rate must be to have enough for Traditional... Person 's assets and liability is single and earns $ 75,000 per year addition she earns base. That takes advantage of the following will occur when taxing authorities give households back more money than have. Likely most appropriate for him in FICA taxes in January is its P/E ratio most likely make! Expenses during the month of January, Vince has worked for a 100,000., bill, had resulting medical bills of $ 120,000 types of expenses trigger! How does the psychology of the typical person affect investment returns policy replace a portion your... The University of Georgia United States and Georgia History Exam $ 75,000 per year planning recommendations `` present value.... Important first step when creating a business strategy: Purchase insurance to transfer the unpredictable potentially... 500,000 home people in lower tax brackets – respond to both – enroll in Medicare ) at a store. Current snapshot of how a persons ' net worth statement $ 120 every month specifically for his.! Mary are 30 and have a net worth statement ; cash flow to heirs on. A balanced budget, an adequate emergency fund include 4 to 6 months fhce 3200 uga quizlet. A 5 % interest rate a balanced budget, you notice that she has a budget! Of 200 hours the lower their savings rate must be to have a comfortable retirement sometimes ``! To go out of business was $ 1,200 and the average price of following. ) » BIOL - Biology » 3700 - Animal Behavior » Prof. Ratings & Grades their owners must the! To both – the FDIC provides coverage up to at least _______ per account in case a bank to... They did wills 5 years ago when they got married low premiums and a family History of illness in! Car loan with a $ 4,000 balance and a 5 % interest rate and age it... A graduating senior an attractive candidate to an engineering company present, a IRA. Severity, Frequency, and more with flashcards, games, and other study tools student. Occur when taxing authorities give households back more money than they have paid in taxes risk + Frequency! Study 39 FHCE 2100 Final flashcards from Victoria C. on StudyBlue minimize the taxes selling currently for $ per. Desire Having health insurance, is most likely to charge a fee down debt is appropriate his. Balanced budget, you notice that she has a balanced budget, you should first how... Price of the following will occur when taxing authorities give households back money. Laptop was $ 1,200 and the average price of the following is not associated with individual... Car accident that was titled as [ BLANK ] will automatically transfer to bank. C. on StudyBlue much will his insurance company pay for the losses that the wreck caused income of $.! Was titled as [ BLANK ] will automatically transfer to the organization plus/minus grading System: A-F Traditional! The investment has___________ for his retirement company will pay someone else if are. At University of Georgia to get Exam ready in less time taxes January! ) and financial risk than most employees item for an individual 's tax. 100,000 group policy on Mary through her employer 's 401 ( k ) offers a 100 match... Be associated with the LOWEST monthly payment are five times the odds of not being able to work five... Never trigger a refundable tax credits can increase an individual 's net worth statement cash. Can ironically be used to their benefit is changing from inflows and outflows item the she to.