Questions from Personal Finance

Q: Survey friends and relatives about their tax planning strategies. Do most

Survey friends and relatives about their tax planning strategies. Do most people get a federal tax refund or owe taxes each year? Is their situation (refund or payment) planned?

Q: Estimate the amount of all types of tax that you have paid

Estimate the amount of all types of tax that you have paid in the last month

Q: It has been suggested by Jamie Lee and Ross’ professional investment counselor

It has been suggested by Jamie Lee and Ross’ professional investment counselor to perform a financial check-up as the first step in investing in mutual funds, even though they are investing $50,000 th...

Q: Using an online search, determine the tax deductions and credits for

Using an online search, determine the tax deductions and credits for which you may be eligible for the current year.

Q: Compare tax services (and providers) in your area and online

Compare tax services (and providers) in your area and online. Talk to friends, relatives, and others about the providers that they use.

Q: The Fram family has liabilities of $128,000 and a

The Fram family has liabilities of $128,000 and a net worth of $340,000. What is the debt ratio? How would you assess this?

Q: Carl Lester has liquid assets of $2,680 and current

Carl Lester has liquid assets of $2,680 and current liabilities of $2,436. What is his current debt ratio? What comments do you have about this financial position?

Q: For the following situations, calculate the cash surplus or deficit:

For the following situations, calculate the cash surplus or deficit:

Q: The Brandon household has a monthly income of $5,630

The Brandon household has a monthly income of $5,630 on which to base their budget. They plan to save 10 percent and spend 32 percent on fixed expenses and 56 percent on variable expenses. a. What amo...

Q: Fran Powers created the following budget and reported the actual spending listed

Fran Powers created the following budget and reported the actual spending listed. Calculate the variance for each of these categories, and indicate whether it was a deficit or a surplus.