Questions from Personal Finance

Q: With your help, Dave and Sharon Sampson have now established a

With your help, Dave and Sharon Sampson have now established a financial plan. Among their key financial planning decisions were the following: • Budgeting. They decided to revise their budget to make...

Q: The Sampsons is a continuing case that occurs at the end of

The Sampsons is a continuing case that occurs at the end of every chapter. You will help the Sampsons develop their financial plan using the key concepts presented in each chapter. You can fill in the...

Q: The Sampsons realize that the first step toward achieving their financial goals

The Sampsons realize that the first step toward achieving their financial goals is to create a budget capturing their monthly cash inflows and outflows. Dave and Sharon’s combined di...

Q: Dave and Sharon Sampson recently established a plan to save $300

Dave and Sharon Sampson recently established a plan to save $300 per month (or $3,600 per year) for their children’s education. Their oldest child is six years old and will begin col...

Q: Ethical Dilemma. When Larry filed his taxes he forgot to include

Ethical Dilemma. When Larry filed his taxes he forgot to include $2,500 in cash income he earned painting a friend’s house. He was going through his checking account records and noticed the cash depos...

Q: Dave and Sharon Sampson want to determine their taxes for this year

Dave and Sharon Sampson want to determine their taxes for this year. Their combined income will be $65,000 for the entire year. They did not make any individual retirement account (IRA) contributions....

Q: Your friend Brad Brooks has no control of personal finances. Single

Your friend Brad Brooks has no control of personal finances. Single and 30 years old, he has a good job at a technology company. His monthly disposable income is $4,000. Brad recently moved from his a...

Q: Your friend Brad Brooks has called you for additional guidance on dealing

Your friend Brad Brooks has called you for additional guidance on dealing with his credit card balance of about $8,000. 1. Brad is frustrated with his high credit card balance (with an 18% interest ra...

Q: Your friend Brad Brooks now has the urge to upgrade his car

Your friend Brad Brooks now has the urge to upgrade his car and housing situations, and he needs your guidance. 1. Brad is interested in purchasing an SUV for $35,000. He has found a buyer who will pa...

Q: Your friend Brad Brooks tells you about his plans to upgrade his

Your friend Brad Brooks tells you about his plans to upgrade his auto insurance. Specifically, he would like to add several types of coverage to his policy, such as uninsured motorist coverage and ren...