Which of the Following Will Be Used to Determine a Term

question 126

Multiple Choice

Which of the following will be used to determine a term insurance policy?

• A)age at which people will die.
• B)number of people who will die this year.
• C)number of people who will buy insurance this year.
• D)number of agents who sell life insurance.
• E)number of accidents in the region

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Definitions:

Pay Period

The regular schedule by which employers pay wages to employees, such as weekly, biweekly, or monthly.

Social Security Taxes

Taxes levied on both employees and employers to fund the Social Security program, providing retirement, disability, and survivor benefits.

Wages

are payments made to employees for their services, typically calculated on an hourly, daily, or piecework basis.

Withholding Allowances

Claims made by employees on their W-4 form to reduce the amount of federal income tax withheld from their paychecks.