Under the Needs Approach,when Is the Dependency Period of a Surviving

question 34

Multiple Choice

Under the needs approach,when is the dependency period of a surviving spouse assumed to end?

• A)1 or 2 years after the breadwinner's death
• B)when the youngest child reaches age 18
• C)when the surviving spouse reaches age 65
• D)when the surviving spouse dies

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Definitions:

Bank Service Charge

Fees charged by banks for maintaining accounts and processing transactions for their customers.

Reconciled Balance

The balance of an account after all discrepancies have been resolved and all transactions have been accounted for.

Bank Statement

A document issued by a bank listing all transactions in an account over a specific period, including deposits, withdrawals, fees, and interest earned.

Checkbook Balance

The current total amount of money available in a checking account, as recorded by the account holder in their checkbook.