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The Roth IRA differs from the regular IRA in that: A. earnings on the account are tax free after five years. B. contributions may exceed $2,000. C. deposits must be in federally-insured accounts. D. funds are only to be used for education expenses.
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)
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Updated 7/1/2014 5:12:12 AM
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The main purpose of taxes is to A. generate revenue for funding government programs.
Added 7/1/2014 5:12:12 AM
A broker statement is an example of a(n) __________ record. A. investment B. insurance C. estate planning D. tax
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)
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Asked 7/24/2012 5:38:20 PM
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If your monthly net (after-tax) income is $1,500, what should be your maximum amount spent on credit payments? A. $200 B. $300 C. $400 D. $500
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)
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Asked 7/24/2012 7:13:19 PM
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Which of the following is NOT a source that provides data to credit bureaus? A. Banks B. Finance companies C. Merchants D. Internal Revenue Service
Weegy: C. Merchants User: If creditors give you no credit for payments made during the billing period, this is called the: A. APR method. B. discount method. C. previous balance method. D. adjusted balance method. Weegy: C. previous balance method. User: Based on the following information, what amount would be subtracted from the bank balance side of a checking account reconciliation? Service charge $12, Outstanding checks $145, Interest $3.50, Deposit in transit $80 A. $145 B. $12 C. $157 D. $148. 50 Weegy: A. $145 User: If your monthly net (after-tax) income is $1,500, what should be your maximum amount spent on credit payments? A. $200 B. $300 C. $400 D. $500 Weegy: B. $300 (More)
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Asked 7/24/2012 7:00:43 PM
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