Week 2 Homework
3.5 a. This is QGs tax return using a 1040EZ which is the best choice because he is taking
standard deductions instead of itemized.
b. This is QGs tax return prepared using a 1040 which is the best choice because of his
Week 1 Homework
1.3 Personal financial goals are necessary for every person, at every age.
a. Junior in college: 1. Find a job, 2. Apply for a credit card to establish a strong
credit history, 3. Search for an apartment and save money for the deposit.
Week 4 Homework
8.2 The total life insurance requirement is calculated by need analysis method. As per
this method, we determine the amount of life insurance required by taking a persons
financial obligations and the accumulation of available financial re
Week 5 Homework
11.2 a. The stock price sold at $44.56 per share at the time of the quote. This figure is obtained
on the top left of the quote.
b. The price earnings ratio shows the market value of the share as a multiple of earnings. This
ration used fo
Week 3 Homework
6.5 We can calculate the monthly payment based on her monthly take home pay and
Total Monthly payments= $645.00
Total Monthly take-home pay= $3,320.00
Debt safety ratio= Total monthly payments/Total monthly take-home pay x10