Which of the Following Is True About Administrative Charges on an FPDA

question 29

Multiple Choice

Which of the following is true about administrative charges on an FPDA?

• A) A front-end load is also called a surrender charge.
• B) A front-end load is charged on each premium payment.
• C) A front-end load is always higher than the back-end load.
• D) By law an insurer can only charge a front-end load or a back-end load, but not both.

Determine the net amount payable to an employee after deductions.

Understand the role and calculation methods of payroll taxes, including SUTA and FUTA.

Recognize internal controls over payrolls and their significance.

Calculate financial ratios, including the quick ratio, to assess a company's liquidity.

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Definitions:

Preferred Habitat

The specific environment or type of area that an organism chooses to dwell in, often characterized by optimal availability of resources, shelter, and mates.

Dear Enemy Effect

A phenomenon in which territorial animals show reduced aggression towards familiar neighbors compared to unfamiliar ones.

Territorial Males

Males that establish and defend a specific area from others of the same species, often to secure mating rights with females within the territory.

Broadley's Flat Lizards

A species of lizard native to certain regions of Africa, known for its distinctive flattened body.