Married, joint tax filers
2007 Tax Table (Joint Filer):
Standard deduction (joint):
Taxable Income / Tax Rates:
$1 - $15,650
$15,651 - $63,700
$63,701 - $128,500
Discuss. Sec: (circle):
ACE 240 – Personal Financial Planning
Midterm Exam 1
 Fill out the header on each and every exam page.
Failure to do so will result in the loss of up to 5
 Fill out the scantron information thoroughly:
Last name and first initial
Discussion section (Th9 = 001; Th10 = 002; Th3 = 003; Th4 = 004)
Test form letter (A, B, or C)
Failure to provide complete information will result in the loss of up to 5 points.
--------------DO NOT GO FURTHER BEFORE COMPLETING INSTRUCTIONS 1-3 ---------------
 During this examination, you may use only two 8.5” x 11” pages (front and back) of personal notes
and a calculator.
Financial factors will be handed out at the examination if needed.
No other notes,
books, consultation with classmates, or electronic aids of any sort are allowed.
Keep your eyes on
your own papers.
Failure to abide by these rules will lead to a zero score on the examination and
possible charges of academic misconduct.
 Scantron questions must be answered with #2 pencils.
For short answer and calculation questions,
in order to receive maximum credit, answers should be concise, to the point, and neatly laid out.
your answer can’t be understood, you won’t receive credit.
 Turn in your entire examination and your scantron form upon departure.