Question 1

The best way to invest in a 401(k)plan is to use all of the money to buy stock in the company where you work.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is a benefit of buying a home rather than renting?

Accepted Answer

A)  Real estate taxes and utilities will be fixed.
B)  It reduces the need to carry insurance.
C)  Paying for a home is a good way to force yourself to save.
D)  The entire purchase price of the home can be deducted from taxable income,but this deduction must be spread over at least 15 years.E) None of the above
F) B) and D)

Question 3

Describe the major steps involved in estate planning.

Accepted Answer

For people with young children,the first...

Question 4

About _______ of all U.S.households own stock in corporations.

Accepted Answer

A)  16 percent
B)  30 percent
C)  half
D)  three-fourthsE) All of the above
F) B) and D)

Question 5

Real estate people agree that the key to getting the optimum return on the purchase of a home is:

Accepted Answer

A)  construction quality.
B)  location.
C)  tax advantages.
D)  design features.E) A) and B)
F) A) and C)

Question 6

Funds deposited into an IRA cannot be withdrawn until you retire.

Accepted Answer

A) True 
 B)False

Question 7

Keogh plans are most useful for stockholders of major corporations who earn most of their income from dividends rather than wages or salaries.

Accepted Answer

A) True 
 B)False

Exam 23: Bonus C: Managing Your Personal Finances

Keogh plans are most useful for stockholders of major corporations who earn most of their income from dividends rather than wages or salaries.

Correct Answer
verified

Describe the major steps involved in estate planning.

Correct Answer
verified
For people with young children,the first...
View Answer

Real estate people agree that the key to getting the optimum return on the purchase of a home is:

Correct Answer
verified

Which of the following is a benefit of buying a home rather than renting?

Correct Answer
verified

The best way to invest in a 401(k)plan is to use all of the money to buy stock in the company where you work.

Correct Answer
verified

About _______ of all U.S.households own stock in corporations.

Correct Answer
verified

Funds deposited into an IRA cannot be withdrawn until you retire.

Correct Answer
verified

Exam 23: Bonus C: Managing Your Personal Finances

Keogh plans are most useful for stockholders of major corporations who earn most of their income from dividends rather than wages or salaries.

Correct AnswerverifiedShow Answer

Describe the major steps involved in estate planning.

Correct AnswerverifiedFor people with young children,the first...View AnswerShow Answer

Real estate people agree that the key to getting the optimum return on the purchase of a home is:

Correct AnswerverifiedShow Answer

Which of the following is a benefit of buying a home rather than renting?

Correct AnswerverifiedShow Answer

The best way to invest in a 401(k)plan is to use all of the money to buy stock in the company where you work.

Correct AnswerverifiedShow Answer

About _______ of all U.S.households own stock in corporations.

Correct AnswerverifiedShow Answer

Funds deposited into an IRA cannot be withdrawn until you retire.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
For people with young children,the first...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
verified

Correct Answer
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