Questions from Personal Finance


Q: Name three financial records that might be best kept in a safe

Name three financial records that might be best kept in a safe-deposit box or in an envelope at a safe place like at work.

See Answer

Q: Distinguish between two major types of tax-sheltered investment returns

Distinguish between two major types of tax-sheltered investment returns

See Answer

Q: Explain how to reduce income taxes via your employer, and name

Explain how to reduce income taxes via your employer, and name three employer sponsored plans to do so.

See Answer

Q: Summarize the differences between a traditional individual retirement account (IRA)

Summarize the differences between a traditional individual retirement account (IRA) and a Roth IRA.

See Answer

Q: Several years have gone by since Harry and Belinda graduated from college

Several years have gone by since Harry and Belinda graduated from college and started their working careers. They both earn good salaries. They believe that they are paying too much in federal income...

See Answer

Q: Identify three strategies to avoid overpayment of income taxes, and summarize

Identify three strategies to avoid overpayment of income taxes, and summarize the essence of each.

See Answer

Q: Explain why correctly owning assets is important to the personal finances of

Explain why correctly owning assets is important to the personal finances of people, especially couples.

See Answer

Q: Differentiate between ownership via joint tenancy with right of survivorship and tenancy

Differentiate between ownership via joint tenancy with right of survivorship and tenancy in common.

See Answer

Q: Distinguish among the credit terms: prescreened, invitation-to-

Distinguish among the credit terms: prescreened, invitation-to-apply, and preapproved.

See Answer

Q: What is a credit history, and what role do credit bureaus

What is a credit history, and what role do credit bureaus play in the development of it?

See Answer