Questions from Personal Finance

Q: Nick and Nora are married and have three children in college.

Nick and Nora are married and have three children in college. They have an adjusted gross income of $47,400. If their standard deduction is $12,600, itemized deductions are $14,200, and they get an ex...

Q: Explain why it is important to select the right university or college

Explain why it is important to select the right university or college.

Q: Name three classifications of assets. Briefly define and give examples of

Name three classifications of assets. Briefly define and give examples of each.

Q: Using the information in problem 10, if Nick and Nora’s itemized

Using the information in problem 10, if Nick and Nora’s itemized deductions increase by $2,000, how will their taxable income be affected?

Q: How can an understanding of personal finance benefit you?

How can an understanding of personal finance benefit you?

Q: What are bonds? What are stocks? What are mutual funds

What are bonds? What are stocks? What are mutual funds? Describe how each of these provides a return on your investment.

Q: When does your net worth increase? Will the purchase of additional

When does your net worth increase? Will the purchase of additional assets always increase your net worth? Why or why not?

Q: Michelle is attending college and has a part-time job.

Michelle is attending college and has a part-time job. Once she finishes college, Michelle would like to relocate to a metropolitan area. She wants to build her savings so that she will have a “nest e...

Q: What is the liquidity ratio? What does it indicate? How

What is the liquidity ratio? What does it indicate? How is the debt-to-asset ratio calculated? What does a high debt ratio indicate? How is your savings rate determined? What does it indicate?

Q: Explain in logical terms why values of assets such as homes and

Explain in logical terms why values of assets such as homes and stocks may decline during a weak economy.