When Trying to Determine Your Disability Income Needs,you Should Consider

question 56

Multiple Choice

When trying to determine your disability income needs,you should consider available sick leave,income needs,and

• A)social security benefits.
• B)surgical expense protection.
• C)Medicare.
• D)life insurance.
• E)income tax bracket.

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Definitions:

Unearned Revenues

Funds received by a company for goods or services that have not yet been delivered or rendered, considered a liability until the product or service is provided to the customer.

Liabilities

Liabilities that a business must settle in the future, representing the financial debts owed to external parties.

Prepaid Expenses

Costs that have been paid in advance for goods or services to be received in the future.

Unearned Revenues

Money received by a company for goods or services that have not yet been provided to the customer.