Create an account
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?
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together