The stages that an individual goes through based on age, financial needs, and family situation is called the:
adult life cycle
The problem of bankruptcy is associated with poor decisions in the _______ component of financial planning.
A question associated with the saving component of financial planning is:
Do you have an adequate emergency fund?
When an individual makes a purchase without considering the financial consequences of that purchase, they are ignoring the aspect of financial planning:
As Jean Tyler plans to set aside funds for her young children's college education, she is setting a(n) ______________ goal
The first step of the financial planning process is to:
Analyze your current personal and financial situations
Changes in income, values, and family situation make it necessary to:
Evaluate and revise your actions
John Garic has just moved into a new house and needs a lawn mower since he has always lived in apartments and now he has a lawn to mow. What type of goal would this be for John?
A commitment to a profession that requires continued training and offers a clear path for occupational growth is a(n):
A lack of willingness to accept a variety of employment positions is a common career planning mistake associated with weak:
Tom Husson recently coordinated a fund raising project for an organization that assists homeless youth. This would most likely be an example of experience in _______
Obtaining financial planning and budgeting skills
A __________ resume presents a person's education, work experience, and other information in a reverse time sequence.
An interview designed to reduce the number of candidates for a position to a workable size is a(n) ___________ interview
Which of the following would likely lead to the most added income over an individual's working career?
Professional or doctorate degree
Which of the following would be a competency commonly associated with successful people?
All of the above.
A taxpayer with a taxable income of 47,856 and a total tax bill of 5,889 would have an average tax rate of ____ percent
An expense that would be included in the itemized deductions of a taxpayer is:
real estate property taxes
Which of the following would qualify a person for an exemption when computing taxable income?
A taxpayer whose spouse recently died is most likely to use the ______ filing status
qualifying widow or widower
Which type of tax expert would be of most value when you have a difference of opinion with the IRS?
Drew Davis earns 4,500 per month from his job at Cisco Systems; $900 is withheld from this amount each month for taxes. What type of tax is this most likely to be?
A financial institution organized for the main purpose of providing loans to purchase homes is a:
The business hours and location of a financial institution refer to the ______ factor of selecting a financial institution.
A saver will usually earn the highest rate with which of the following types of savings plans?
certificate of deposit
The Federal Deposit Insurance Corporation provides deposit insurance for:
Commercial banks and savings and loan associations
Which of the following institutions is organized primarily to provide loans to purchase homes?
A mortgage company
Which of the following institutions makes loans based on the value of tangible possessions?