What Factors Are Used in Determining a Person's FICO Score

question 62

Multiple Choice

What factors are used in determining a person's FICO score?

• A)past payment history
• B)outstanding debt
• C)length of credit history
• D)all of the above

Discern the applicability of the privileges and immunities clause to state-to-state interaction.

Grasp the concept of federalism and the division of powers among different branches of government.

Acknowledge the rights and protections afforded to corporations and individuals, including speech and privacy rights.

Understand the system of checks and balances designed to prevent abuses of power.

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Definitions:

Adjusted Gross Income

An individual's total gross income minus specific deductions, crucial for determining taxable income.

Medical Expenses

Costs incurred for the diagnosis, cure, mitigation, treatment, or prevention of disease, or for treatments affecting any part or function of the body, which can sometimes be deducted from taxes.

Health Insurance Premiums

Regularly scheduled payments made to an insurance company to maintain health insurance coverage.

Adjusted Gross Income

A measure of income calculated from your gross income and used to determine how much of your income is taxable after adjustments are made for deductions or exemptions.