Quiz 3 – Taxation >> Personal & Family Financial Planning
TOTAL POINTS 5
1.Which is NOT a way to reduce taxable income?
1 point
2.While saving for a long run, if you decided not to pay taxes now but to pay them later, then that option is known as __________________
1 point
3.Which option doesn’t provide you current tax savings on your contribution however you don’t have to pay taxes later at the time of withdrawal?
1 point
4.Bryan Smith decided to donate $2,000 to a local charity. Considering that he can itemize this deduction, how much will he save in his federal income taxes if he is in 25% marginal tax rate?
1 point
5.Brittany Spangler is a 22 year old unmarried graduate student and she claimed as a dependent on her parent’s tax return. What is the maximum number of personal exemptions she can legally claim on her own tax return?
1 point
Related Questions & Answers:
- Credit Report Assignment Credit Report Assignment >> Personal & Family Financial Planning TOTAL POINTS 5 1. i. Do you have late payments? 1 ... Read more...
- Financial Record Keeping Assignment Financial Record Keeping Assignment >> Personal & Family Financial Planning TOTAL POINTS 1 1. Question 1 Determine how your actual ... Read more...
- Quiz 2 Quiz 2 >> Personal & Family Financial Planning TOTAL POINTS 5 1.How can you track your current spending? 1 ... Read more...
- Tax Planning Assignment Tax Planning Assignment >> Personal & Family Financial Planning TOTAL POINTS 4 1.Write out the 5 D’s of tax ... Read more...
- Mutual Funds Assignment Mutual Funds Assignment >> Personal & Family Financial Planning TOTAL POINTS 3 1.Which fund has had better performance on ... Read more...
- Quiz 7 – Mutual Funds Quiz 7 – Mutual Funds >> Personal & Family Financial Planning TOTAL POINTS 5 1.Investment company that pools investors’ ... Read more...