FIN 420 WEEK 1 Week 1 Quiz

FIN 420 WEEK 1 Week 1 Quiz Buy Solutions: https://goo.gl/UvUgjJ FIN 420 WEEK 1 Week 1 Quiz FIN 420 WEEK 1 Week 1 Quiz FIN 420 WEEK 1 Week 1 Quiz Question 1 A single person with a monthly taxable income of $7,000 in the 28 percent marginal tax bracket forgoes consumption and instead places $450 into a tax-sheltered retirement plan every month. What are the yearly tax savings due to these retirement contributions? Question 2 The most recognized professional designation held by financial planner is the Question 3 A net surplus at the end of the month could be Question 4 The concept of “pay myself first,” saving and investing before you pay other expenses, is a characteristic of successful financial managers. Question 5 Most of the contacts you make through professional networking will be in a position to offer you a job. Question 6 Most people keep track of their finances on a cash basis rather than on an accrual basis. Question 7 Budget estimates are the projected dollar amounts in a budget that one plans to receive or spend during the period covered by the budget. Question 8 Which of the following would be classified as a short-term liability? Question 9 A financial planner who adheres to a fiduciary standard must always act in the best interest of the client regardless of how it might affect the advisor. Question 10 Mack and Amy are making regular contributions of $200 a month from their salaries to a money market savings account. These transactions will V012518 FIN 420 WEEK 1 Week 1 Quiz