Individual Week 4
2. Suppose that someone stole your ATM card and withdrew $ 950 from your
checking account. How much money could you lose (according to federal
legislation) if you reported the stolen card to
A common saying is Nothing is certain except death and taxes. [Benjamin
Franklin] Do you think it is justified for governments to levy taxes? Why or
In my opinion I believe the government has the right to levy taxes. Without
doing so the law enf
Page 530-531 problems 8-12-13
8. Calculating Tax-Equivalent Yield. Assume you are in the 35 percent tax bracket and purchase
a 4.80 percent, tax-exempt municipal bond. Use the formula presented in this chapter to calculate
the taxable eq
Individual Week 2
1. Scott Bennett is preparing his balance sheet and income and expense statement
for the year ending June 30, 2016. He is having difficulty classifying six items and
asks for your help. Which
Individual Week 3
1. Mary Watson is 24 years old and single, lives in an apartment, and has no dependents.
Last year she earned $ 45,000 as a sales assistant for Focused Business Analytics: $ 3,910 of
Individual Week 11-2
2. For each pair of funds listed below, select the fund that would be the least risky
and briefly explain your answer.
a. Growth versus Growth and Income
Growth funds are basically capital
Satisha Couser- Kornegay
Week 4 Individual Work
Suppose that someone stole your ATM card and withdrew $950 from our checking
account. How much money could you lose (according to federal legislation) if you
reported the stolen card to the bank: (a) the
Define each and explain the difference between physical loss of property
and loss through liability.
Physical loss of property is when a person loses personal property due to events
beyond their control. Fires, hurricanes, theft, tornadoes, and vandalism
Question 1. Government places controls on the personal financial environment by use of
_. (Points : 2)
taxation and fiscal policy
regulation and competition.
taxation and regulation.
regulation and fiscal policy.
Question 2. Tax planning is most commonly
Question 1. The basic principles of property and liability insurance pertain to _.
(Points : 2)
types of exposure
the principles of indemnity
all of these
Question 2. A liability suit could result if _. (Points : 2)
your dog bites a neighbor
Question 1. The first step in retirement planning is to _. (Points : 2)
determine how large a nest egg is required
consider your longevity
define your investment program
set retirement goals
Question 2. A trust designed to provide liquidity for an estate
Individual Week 7
1. Bridget Morrow is a sophomore at State College and is running out of money.
Wanting to continue her education, Bridget is considering a student loan. Explain
her options. How can she best
Question 1. You made an error when you filed your tax return last year. You can correct this
error by filing Form _. (Points : 2)
Question 2. You would typically not include _ in your gross income. (Points : 2)
wages and sala
April 22, 2012
My long-term goal is to become the Accountant and bookkeeper of my current employer.
I am currently the cook and manager of a small caf. I have been working there for 3 years now.
During my employment at
5. Determining the Claim Amount (with deductibles). For each
Chapter 16 pages 565-566 1,9,10, and 11
1. Calculating Net Asset Value. Given the information below, calculate the net asset value for the
Boston Equity mutual fund.
Total assets $240,000,000
Total liabilities 8,000,000
Total number of shares 4,400,000
1. In my opinion before the air conditioner broke they were doing pretty good. They had enough
money to cover the problem that arose. They still had $800 to build back up on.
2. I would have to say that $700 a month on recreation and entertainment is an e
1. Determine the Future Value of Education. Jenny Franklin estimates that as a result of
completing her masters degree, she will earn $7,000 a year more for the next 40 years.
A. What would be the total amount o
Page 454-455 problems
1. Calculating the amount of an emergency fund. Beth and Bob Martin have total take-home pay
of $3,600 a month. Their monthly expenses total $3,100. Calculate the minimum amount this
couple needs to establish an emergency fund. How d
1. Calculating the Return on Investment. Dave bought a rental property for $200,000 cash. One
year later, he sold it for $240,000. What was the return on his $200,000
Individual Week 10
Define investing and speculating.
Investing is when people put money into a money market account that requires a period
of time before they see a profit. Its a long process that provi
Individual Week 12
1.) Jacqueline Strauss, a 25 year old personal loan officer at Second National Bank,
understands the importance of starting early when it comes to saving for retirement.
She has committed $3
Question 1. _ are an ongoing cost of home ownership. (Points : 2.5)
Question 2. A lender will usually require a loan-to-value ratio of _ or less for you to
avoid having to pay private mortgage insuran
Individual Week 10
1. Use Worksheet 11.1. Linda Scales is now employed as the managing editor of a wellknown business journal. Although she thoroughly enjoys her job and the people she works
Course and Section Number
Program of Study
Week 11 Individual Work
Investing in Stocks, Bonds, and Mutual Funds
To complete this assignment:
Financial Planning Exercise
Ralphs rents ha house for $1,350 a month is an expense. On June 21, 2017, he bought
diamond earring for his wife and charged them using his MasterCard. The earrings cost $900, but
he hasnt yet received the bill is a liability.
Question 1. _ is a common provision in many term policies.
(Points : 2)
A reward clause
A limited clause
A renewable clause
Question 2. From the standpoint of the person buying insurance, the central purpose of
insurance should be _. (Points :