What Are the Four Types of Allowances That Are Often

question 62

Multiple Choice

What are the four types of allowances that are often included in an expatriate's compensation package?

• A)Travel allowances, emergency allowances, training allowances, relocation allowances
• B)Hardship allowances, housing allowances, cost-of-living allowances, and education allowances
• C)Emergency allowances, hardship allowances, training allowances, cost-of-living allowances
• D)Housing allowances, travel allowances, cost-of-living allowances, and relocation allowances
• E)Living allowance, education allowance, travel allowance, spousal allowance

Identify the role and support system of Consumer Credit Counseling Services.

Comprehend the financial implications of the minimum monthly payment on credit cards.

Evaluate the credibility and usefulness of different counseling providers, including the risks associated with credit repair clinics.

Analyze the costs and benefits of tax refund loans and their alternatives.

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Definitions:

Back-end Load

A fee paid by an investor when shares are sold, typically used in mutual funds, where the fee decreases over time the investment is held.

Annual Fees

Refers to the yearly charges associated with having an account, typically found in credit cards or investment accounts, to cover account management services.

12b-1 Fees

These are annual fees charged by a mutual fund to cover marketing, distribution, and sometimes administrative expenses, directly reducing the fund's return to its investors.

Management Expenses

These are fees paid out of fund assets to the fund manager for investment management and operational services, including administrative and overhead costs.