Weegy: The Roth IRA differs from the regular IRA in that earnings on the account are tax free after five years User: Ed Bostrom wants to reduce his fixed expenses. What action would be appropriate? A. Get a part-time job B. Eat more meals at home than in restaurants C. Find a place to live with a lower rent D. Save more money for the future Weegy: C. Find a place to live with a lower rent User: If a family planned to spend $370 for food during March but only spent $348, this difference would be referred to as a: A. surplus. B. deficit. C. budget reduction. D. contribution to net worth. Weegy: A. surplus User: Which of the following are considered to be personal financial statements? A. Budget and credit card statements B. Balance sheet and cash flow statement C. Checkbook and budget D. Tax returns Weegy: c User: The main purpose of taxes is to: A. generate revenue for funding government programs. B. reduce the chances of inflation. C. create jobs. D. discourage use of certain goods and services. (More)

Weegy: A broker statement is an example of an investment record. User: Tax-deferred retirement plans are a type of: A. exemption. B. itemized deduction. C. passive income. D. tax shelter. (More)

Weegy: B. $300 User: Which of the following is a disadvantage of using credit? A. The use of credit can allow you receive advance notice of sales. B. The use of credit can lead to overspending. C. The use of credit allows for the purchase of goods even when funds are low. D. The use of credit can allow for the easier return of merchandise. User: If you borrow $100 at 10 percent simple annual interest and repay it in one lump sum at the end of one year, you will have to pay: A. $100. B. $105. C. $110. D. $115. Weegy: The answer is C. $110 (More)

Weegy: The answer is C. $110 (More)

Weegy: B. Installment cash credit User: The CCCS aids families by: A. setting up a budget for them. B. paying off their loans. C. providing free basic necessities. D. providing one month free shelter. Weegy: A. setting up a budget for them. User: Which of the following is a deposit institution? A. A life insurance company B. An investment company C. A credit union D. A mortgage company Weegy: A life insurance company (More)