Questions from Personal Finance

Q: List some information available on the Internet that might be useful for

List some information available on the Internet that might be useful for financial planning. Describe one way you might use some of this information for financial planning purposes.

Q: Dave and Sharon Sampson are 30 years old and have two children

Dave and Sharon Sampson are 30 years old and have two children, who are five and six years old. Since marrying seven years ago, the Sampsons have relied on Dave’s salary,...

Q: Winners of the Georgia Lotto drawing are given the choice of receiving

Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 20 years or as a lump-sum cash option amount. The cash option amount is determined by dis...

Q: If Daniel (from problem 12) had forgotten a $1

If Daniel (from problem 12) had forgotten a $1,000 tax credit (instead of a $1,000 tax deduction), how would his taxes be affected?

Q: What is an opportunity cost? What might be some of the

What is an opportunity cost? What might be some of the opportunity costs of spending $10 each week on the lottery?

Q: Assume that you have established a plan to achieve a particular level

Assume that you have established a plan to achieve a particular level of wealth in three years, but the economic conditions suddenly cause both your existing income and the value of your existing asse...

Q: Using the information in problem 14, if Tracy’s standard deduction is

Using the information in problem 14, if Tracy’s standard deduction is $6,300 and her exemption is $4,000, what is her taxable income?

Q: During a weak economy jobs are scarce, so some individuals may

During a weak economy jobs are scarce, so some individuals may consider starting their own businesses. What is the disadvantage of this idea during a weak economy?

Q: Margo is in the 39.6% marginal tax bracket.

Margo is in the 39.6% marginal tax bracket. What is her tax liability on dividend income of $6,000?

Q: How can peer pressure impact your spending habits?

How can peer pressure impact your spending habits?