Short-term goals tend to be:
Answer: Less than three years
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Personal Finance
- An __________ company, or insurer, is a risk-sharing firm that assumes financial responsibility for losses from the insured in exchange for a fee.
- There are two basic types of life insurance: term and cash value.
- Insurance should not be used to smooth out all the little bumps of life.
- A desirable health insurance plan should cover:
- Health insurance should be part of very few people's overall risk management plan to safeguard their and their family's economic security.
- Insurance companies pay a lot of attention to the relationship between risk and cost.
- Unlike renter's insurance, homeowner's insurance covers personal property, provides liability protection, and pays for other expenses.
- Very few states require drivers to carry some minimum level of automobile insurance.
- Ignoring the effect taxes have on spending choices very often leads to making poor decisions.
- People work in a __________ world, but live and play in a post-tax world.
- For the average wage earner about one-third of each marginal dollar in earned income goes toward taxes.
- People work in a pre-tax world, but live and play in a post-tax world.
- The government taxes:
- It is important for taxpayers to understand the difference between tax ________ and tax deductions if they want to pay minimum income taxes.
- The old argument that a tax refund is like having a built-in savings plan is a very good argument as there are no better ways to save.
- Excise taxes are usually paid on:
- Although rarely thought of this way, for most people their tax burden is actually their largest annual household expense.
- Understanding the affect taxes have on purchasing decisions is not important to reaching personal financial goals in as short a time as possible.
- Taxes are never difficult and confusing.
- The main reason to understand the impact of taxes is to:
- Never review one's tax situation in order to avoid an ?April 15th Surprise.?
- Taxes are almost always one a minor expenses on a budget.
- The federal government does not have an estate tax.
- Wealth is taxed at both the state and federal levels primarily through inheritance taxes.
- Personal property tax is paid on the value of the things one rents.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.