Questions from Personal Finance

Q: Leyia and Larry Hartley of Columbus, Ohio have decided to start

Leyia and Larry Hartley of Columbus, Ohio have decided to start a family next year, so they are looking over their budget (illustrated in Table 3-5 as the “young married coupleâ...

Q: What would be the tax liability for a single taxpayer who has

What would be the tax liability for a single taxpayer who has a gross income of $50,050?

Q: What would be the marginal tax rate for a single person who

What would be the marginal tax rate for a single person who has a taxable income of (a) $31 ,560, (b) $58,150, (c) $66,450, and (d) $100,580? (Hint: Use Table 4-2.) Table 4-2:

Q: Invest Now or Later? Twins Natalie and Kaitlyn are both age

Invest Now or Later? Twins Natalie and Kaitlyn are both age 27. They both live in Warren, Ohio. Beginning at age 27, Natalie invests $2,000 per year for ten years and then never sets aside another pen...

Q: Isabel Lopez, from Lewiston, Idaho, is age 19,

Isabel Lopez, from Lewiston, Idaho, is age 19, and she recently received an inheritance of $50,000 from her grandmother’s estate. She plans to use the money for the down payment on a...

Q: You want to create a college fund for a child who is

You want to create a college fund for a child who is now 3 years old. The fund should grow to $60,000 in 15 years. If an investment available to you will yield 6 percent per year, how much must you in...

Q: You plan to retire in 40 years. To provide for your

You plan to retire in 40 years. To provide for your retirement, you initiate a savings program of $4,000 per year yielding 7 percent. What will be the value of the retirement fund after 40 years? (Hi...

Q: List three interviewing tips for new college graduates looking for employment when

List three interviewing tips for new college graduates looking for employment when in many parts of the country a growing job market exists.

Q: Where is the United States in the economic cycle now, and

Where is the United States in the economic cycle now, and where does it seem to be heading? List some indicators that suggest in which direction it may move.

Q: Samantha Beliveau of Ames, Iowa, is a senior in college

Samantha Beliveau of Ames, Iowa, is a senior in college, majoring in nutrition. She anticipates getting married a year or so after graduation. Samantha has only one elective course remaining and is go...