Question: Income Method. Nancy is a widow with

> Match the word in Column 1 to its definition in Column 2. Each answer can only be used once. A) A class of fingerprints characterized by ridge lines that enter the print from one side and flow out the other side B) An inkless device that captures digital

> Match the word in Column 1 to its definition in Column 2. Each answer can only be used once. A) The process by which the edges of a stain will dry to the surface in a specific period of time (dependent upon environmental and surface conditions) and will

> 1) If the laboratory can piece broken glass from a window or headlight together, then the evidence has ________ characteristics. 2) A single-layer paint chip can normally be expected to have ________ characteristics. 3) The computerized database used t

> 11) Crime scene ________ must include a detailed written description of the scene with the location of items of physical evidence recovered. 12) Medical workers should approach the body by a(n) ________ route to minimize the possibility of disturbing ev

> 1) ________ evidence is any object that can establish that a crime has been committed or can link a crime and its victim or a crime and its perpetrator. 2) The three methods of crime scene recording are photography, sketches, and ________. 3) The most

> If no scene analysis is carried out with the death investigation, what types of evidence may never be located and recovered?

> Compare and contrast anthropometry and fingerprinting as means of identification. Why do we use fingerprints today instead of anthropometry?

> Factors Affecting Cash Outflows. List your monthly cash outflows. Will everyone have similar cash outflows?

> How can an understanding of personal finance enhance your job marketability?

> Change in Savings. Angela analyzes her personal budget and decides that she can reduce her recreational spending by $80 per month. How much will that increase her annual savings? What will her annual savings be now? Are there any other spending categorie

> Estimating Net Worth. At the beginning of the year, Lakynn has a net worth of $4,500. During the year, she set aside $80 per month from her paycheck for savings. In December, she made a $600 payment for a plane ticket. What was her net worth at the end o

> Future Value. Luis wants to know how much he will have available to spend on his trip to Belize in three years if he deposits $3,000 today at an annual interest rate of 2%.

> Future Value. Sandra wants to deposit $100 each year for her son. If she places it in an investment account that averages a 5% annual return, what amount will be in the account in twenty years? How much will she have if the account earns 8% a year?

> Estimating Savings. Julia brings home $1,800 per month after taxes. Julia’s rent is $650 per month, her utilities are $100 per month, and her car payment is $210 per month. Julia is currently paying $150 per month to her orthodontist for her braces. If J

> Estimating Debt after Graduation. Mason selected a private university to attend. His tuition, room and board, and other costs were $47,000 per year for four years. His brother Kage attended a public institution and elected to live at home with their pare

> Retirement Savings. Miguel, a recent 22-year-old college graduate, wants to retire a millionaire. How much will he need to set aside annually to achieve his goal, assuming he plans to retire at age 67 and he can earn a 9% annual return on his investment?

> Investment Value. Judy believes that another benefit of investing the extra $3,648 in her employer sponsored retirement plan is the tax savings. Judy is in a 24% marginal tax bracket (when considering her federal and state taxes). How much will investing

> Estimating the Annuity Amount. Amy and Vince want to save $7,000 so that they can take a trip to Europe in four years. How much must they save each month to have the money they need if they can get 3% per year, compounded monthly, on their savings?

> Employer Match. Refer to problem 3. How much money will Judy have at retirement if her employer matches her contributions? Data from Problem 3: Investment Value. Judy pays off her car loan and now must decide how she wants to invest the extra $3,648 per

> Retirement Account Withdrawal. In need of extra cash, Troy and Lilly decide to withdraw $8,000 from their traditional IRAs. They are both 40 years old. They are in a 24% marginal tax bracket. What will be the tax consequences of this withdrawal?

> Retirement Planning. Tilly would like to invest $2,500 in before-tax income each year in a retirement account or in stock investments outside the retirement account. Tilly likes the stock investments outside the retirement account because they provide he

> Profit Sharing. Cedrick works for an employer that has a profit sharing retirement system. Assuming Cedrick made $133,000 in 2018, what is the maximum amount his employer can contribute to his retirement account?

> Tax Savings. Lloyd and his wife, Jean, have no retirement plan at work, but they contribute $4,000 each year to traditional IRAs. They are in a 24% marginal tax bracket. What tax savings will they realize for these contributions annually?

> IRAs. Ricky and Sharon married at age 22, started a family, and bought a house. At age 30, they began making a contribution of $5,000 to a traditional IRA. They continued making these contributions annually until age 60. If the average return on their in

> Puts. Raina bought a put option on 100 shares of a stock for $230. The put gives her the option to sell XYZ stock for $45 a share if she exercises the option in the next ninety days. What is Raina’s return if she exercised her put when the stock price fe

> Tax Consequences. Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of sixty stock mutual fund shares ($40 per share) and long-term capital gain distributions of forty-five stock mutual fund shares (also $40 per

> Tax Consequences. Rena purchased 200 shares of a no-load stock mutual fund. During the year she received $3 per share in dividend distributions, $200 in long-term capital gain distributions, and capital gains of $1,100 when she sold the stock after ownin

> Bond Valuation. What if Mark’s Treasury bond in the previous problem had a coupon rate of 9% and new bonds still had interest rates of 4%? For what price should Mark sell the bond in this situation?

> Future Value of Annuity. Stacey would like to have $1 million available to her at retirement. Her investments have an average annual return of 11%. If she makes contributions of $300 per month, will she reach her goal when she retires in thirty years?

> Bond Valuation. Mark has a Treasury bond with a par value of $30,000 and a coupon rate of 6%. The bond has fifteen years to maturity. Mark needs to sell the bond and new bonds are currently carrying coupon rates of 4%. At what price should Mark sell the

> Bond Valuation. Emma is considering purchasing bonds with a par value of $10,000. The bonds have an annual coupon rate of 8% and six years to maturity. The bonds are priced at $11,550. If Emma requires a 6% return, should she buy these bonds?

> Bond Valuation. Mia wants to invest in Treasury bonds that have a par value of $20,000 and a coupon rate of 4.5%. The bonds have a ten-year maturity and Mia requires a 3% return. How much should Mia pay for her bonds, assuming interest is paid annually?

> Return on Bonds. Timothy has an opportunity to buy a $1,000 par value corporate bond with a coupon rate of 7% and a maturity of five years. The bond pays interest annually. If Timothy requires a return of 6%, what should he pay for the bond?

> Tax Consequences. Katie paid $9,400 for a Ginnie Mae bond with a par value of $10,000 and a coupon rate of 6.5%. Two years later, after having received the annual interest payments on the bond, Katie sold the bond for $9,700. What are her total tax conse

> Annual Interest. Paul has $10,000 that he wishes to invest in bonds. He can purchase Treasury bonds with a coupon rate of 7% or municipal bonds with a coupon rate of 5.5%. Paul lives in a state with no state income tax and has a marginal tax rate of 22%.

> Risk Premium. Sandy has a choice between purchasing $5,000 in Treasury bonds paying 4% interest or purchasing $5,000 in BB-rated corporate bonds with a coupon rate of 7.2%. What is the risk premium on the BB-rated corporate bonds?

> Bond Payments. Bernie purchased twenty bonds with par values of $1,000 each. The bonds carry a coupon rate of 7% payable semiannually. How much money will Bernie receive for his first interest payment from these bonds?

> Value of Investment. Floyd wants to invest the $15,000 he received from his grandfather’s estate. He wants to use the money to finance his education when he pursues his doctorate in five years. What amount will he have in five years if he earns a 6% retu

> Value of Investment. Dawn decides to invest $2,000 each year in stock at the end of each of the next five years. She believes she can earn a 6% return over that time period. How much will Dawn’s investment be worth at the end of five years?

> Choice of Major on Future Net Worth. Remi graduated with a degree in computer engineering and will start a job making $65,000 per year in after-tax income. Raina’s degree is in political science and the job she was offered pays $48,000 per year in after-

> Return on Stock. Emma bought a stock a year ago for $53 per share. She received no dividends on the stock and sold the stock today for $44 per share. What is Emma’s return on the stock?

> Capital Gains Tax. Joel (from problem 1) is in the 22% tax bracket. What amount of taxes will he pay on his capital gain if he held the stock for less than a year?

> Ethical Dilemma. Carlo and Rita’s daughter just celebrated her 16th birthday, and Carlo and Rita realize they have accumulated only half the money they will need for their daughter’s college education. With college just two years away, they are concerned

> Capital Loss. Charles recently sold 500 shares of stock A for $12,000. In addition, he sold 600 shares of stock A for $6,000. Charles had paid $20 per share for all his shares of stock A. What amount of loss will he have, assuming both sales were on stoc

> Capital Gains Tax. Thomas purchased 400 shares of stock A for $23 a share and sold them more than a year later for $20 per share. He purchased 500 shares of stock B for $40 per share and sold them for $53 per share after holding them for more than a year

> Precious Metals Returns. Gemma purchased twelve ounces of gold for $1,344 an ounce. She sold the gold one year later for $1,534 per ounce. What was her dollar return? What was her percentage return?

> Value of Investment. Morris will start investing $1,500 a year in stocks. He feels he can average a 10% return. If he follows this plan, how much will he accumulate in ten years? In twenty years? In thirty years?

> Amount of Insurance Needed. Marty and Mary have jobs and contribute to the household expenses according to their income. Marty contributes 75% of the expenses, and Mary contributes 25%. Currently, their household expenses are $30,000 annually. Marty and

> Amount of Insurance Needed. Peter is married and has two children. He wants to be sure that he has sufficient life insurance to take care of his family if he dies. Peter’s wife is a homemaker but attends college part-time pursuing a law degree. It will c

> Impact of College Choice on Net Worth. Remi and Raina will both receive $100,000 from their grandfather when they graduate college next month. Remi went to a public university and accumulated $25,000 in total student loan debt. Raina attended a private c

> Copayment. Nareem’s hospital stay cost $7,575 and his insurance requires a copayment of $500. How much will his insurance pay for his hospital bill?

> COBRA. Susan recently quit working for a local firm and has yet to find a new job. She knows she can maintain her health insurance from her old employer due to COBRA. How much will it likely cost her for health insurance if she previously paid $200 per m

> Stop-Loss Provision. Pete’s health insurance policy specifies that he should pay 30% of expenses associated with a long-term illness, and he has a stop-loss provision of $35,000 in his policy. If Pete incurs expenses of $60,000, how much would he owe?

> Refinancing. Doug and Lynn bought their home three years ago. They have a mortgage payment of $601.69. Interest rates have recently fallen, and they can lower their mortgage payments to $491.31 if they refinance. What would their annual savings be if the

> Tax Savings. Matt paid mortgage interest of $4,330 during his first year in the condo. His property taxes were $600, and his homeowner’s insurance was $460. If Matt is in a 24% marginal tax rate bracket, what were his tax savings for his first year assum

> Annual Costs of Renting. Teresa rents her apartment for $850 per month, utilities not included. When she moved in, she paid a $700 security deposit using money from her savings account that was paying 3% interest. Her renter’s insurance costs her $80 per

> Tax Savings. This month you made a mortgage payment of $700, of which $600 was an interest payment and $100 a payment of the loan principal. You are in the 24% marginal tax bracket and you will itemize instead of taking the standard deduction. What are t

> Ethical Dilemma. Mia would like to purchase a specific home and knows that she can afford the home, but her income is slightly lower than the amount needed to qualify for the mortgage. She is a waitress and makes much of her income from tips, so she can

> Computing a Mortgage Payment. N’Cho just purchased a home for $135,000. He put 10% down and financed the remainder for thirty years at 4.8%. How much is his monthly principal and interest payment?

> Mortgage Insurance. Justin’s new FHA mortgage is for $131,500. How much will his overall mortgage increase with an upfront fee of 1.5%? How much will his total mortgage be with the upfront mortgage insurance fee added? Will Justin always pay mortgage ins

> Future Value. How much will you have in 36 months if you invest $75 a month at 3% annual interest?

> Down Payment and Loan Payments. Lucas wants to buy a used car that will cost $5,500. How much will his monthly payment be if he puts $2,500 down and finances the remainder at 5% for two years?

> Ethical Dilemma. Chen recently graduated from college and accepted a job in a new city. Furnishing his apartment has proved more costly than he anticipated. To enable him to make purchases, he applied for and received a credit card with a $5,000 credit l

> Interest on Credit Cards. Eileen wants a car that costs $7,000. How long would it have taken Eileen to save for the outright purchase of the car if she did not have any credit card debt and used the interest payments to save for the purchase of the car?

> Credit Card Interest. Margie has had a tough month. First, she had dental work that cost $700. Next, she had her car transmission rebuilt, which cost $1,400. She put both of these unexpected expenses on her credit card. If she does not pay her credit car

> Interest Charged. You just borrowed $5,500 and are charged a simple interest rate of 9%. How much interest do you pay each year?

> Annualized T-bill Rate. Brenda purchased a $30,000, ninety-day T-bill for $29,850. What will Brenda’s return be when the T-bill matures? What will her annualized rate be?

> Return on T-bills. Lauren purchased a $40,000 T-bill for $39,200. A few months later, Lauren sold the T-bill for $39,700. What was Lauren’s return on the T-bill?

> Return on T-bills. Dave has $20,000 excess cash to invest. He can purchase a $20,000 T-bill for $19,800 or two $10,000 T-bills for $9,850 each. Which will give him the better return?

> T-bill Return. Troy paid $9,800 for a T-bill with a face value of $10,000. What is Troy’s return if he holds the T-bill to maturity?

> Interest Earned. Claire has invested $10,000 in an eighteen-month CD that pays 2.25%. How much interest will Claire receive at maturity?

> Future Value. Kyle has $1,000 in cash received for high school graduation gifts from various relatives. He wants to invest it in a certificate of deposit (CD) so that he will have a down payment on a car when he graduates from college in five years. His

> Value of CD. Travis has invested $3,000 in a threemonth CD at 1.25%. How much will Travis have when the CD matures?

> Interest Earned. Lisa is depositing $2,500 in a six-month CD that pays 1.75% interest. How much interest will she accrue if she holds the CD until maturity?

> Ethical Dilemma. Jason is in his mid-fifties and was raised by parents of the Depression era. As a result, he is very risk adverse. He recently came into a very large amount of money, and he wants to put it where it will be safe, but where it will earn h

> Fractional Year Investment Return. Jill placed $10,000 in a ninety-day CD that offered an annualized return of 1.20%. How much interest will she earn on this CD?

> Investment Return. Thomas can invest $10,000 by purchasing a one-year T-bill for $9,775, or he can place the $10,000 in a twelve-month CD paying 2.5%. Which investment will provide a higher return? In addition to return, what else should Thomas consider

> Interest Earned. On June 1, Mia deposited $4,000 in an MMDA that pays 2% interest. On October 31, Mia invested $2,000 in a three-month CD that pays 1.75%. At the end of the year, how much interest will Mia have earned, assuming she hasn’t taken anything

> Interest Earned. Teresa has just opened a NOW account that pays 1.5% interest. If she maintains a minimum balance of $500 for the next twelve months, how much interest will she earn?

> Ethical Dilemma. Jill just finished reconciling her account balance and discovered the bank made a $567 error in her favor. She double-checked her numbers and is certain the bank made an error, and the difference is not a miscalculation on her part. Jill

> Risk Premium. Spencer is considering investing $5,000 in higher risk debt securities that pay 7% for a ten-year period of time. What is the risk premium on that investment assuming he can earn 2.5% on a one-year CD? What does the size of the risk premium

> Impact on Taxes. Daniel has a marginal tax rate of 24%. He suddenly realizes that he neglected to include a $1,000 tax deduction. How will this oversight affect his taxes?

> Present Value. Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over twenty years or as a lump-sum cash option amount. The cash option amount is determined by discounting the winning amount at 5% o

> Change in Taxable Income. Using the information in problem 7, if Nick and Nora’s itemized deductions increase by $4,000, how will their taxable income be affected? Data from Problem 7: Taxable Income. Nick and Nora are married and file jointly. They hav

> Taxable Income. Nick and Nora are married and file jointly. They have an adjusted gross income of $47,400. If they have itemized deductions of $22,500, what is their taxable income?

> Itemized Deduction. Dawn’s 2018 adjusted gross income is $16,700. Dawn has $1,800 in unreimbursed medical expenses. How much can Dawn claim as an itemized deduction?

> Itemized Deduction. Emma’s 2018 adjusted gross income is $24,200. She has $1,800 in unreimbursed medical expenses. How much in medical expenses could Emma claim as an itemized deduction?

> Deductions. Emily and Paul are married and will file a joint return for 2018. The standard deduction for their filing status is $24,000. They have the following itemized deductions: Should Emily and Paul itemize their deductions or use the standard deduc

> Capital Gains Tax. Stephen’s salary is $34,000 in 2018. In 2018, he sold stock that he had held for nine months for a gain of $1,900. How much tax must he pay on this capital gain? How much would the tax be if he had held the stock for thirteen months?

> FICA Contributions. Brian makes $27,000 per year. How much can he expect to contribute to FICA taxes in 2018? How much will his employer contribute?

> As a result of watching a financial news network on cable, reading articles in some business magazines, and listening to a coworker tell how her portfolio doubled in value in six months, Brad is now convinced that his financial future lies in the stock m

> 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 rental car coverage. Recall that Brad is 30 years old. Hi

> 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 pay him $15,000 cash for his existing car. This would en

> 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 rate). He wants to delay making any more payments on his

> 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 apartment where the rent was $1,400 per month to an exp

> 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. The Sampsons are filing jointly. 1. Help the Sampsons

> 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 deposit and realized his mistake. a. Should Larry ignore hi

> 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 college in twelve years. They will invest the $300 in a s

> 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 disposable (after-tax) income is now about $5,000 per mo

> 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 blanks on these worksheets electronically at www.pear