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In: Accounting

From your paycheck, what is a combination you pay towards Social Security and Medicare taxes? Group...

From your paycheck, what is a combination you pay towards Social Security and Medicare taxes? Group of answer choices

IRS Income

Income Deduction

Medicaid

FICA

Utilities

2.

A mutual fund does what?

Group of answer choices

Allows investors to take advantage of the large gains that are possible in the stock market

Provides immediate diversification

Is professionally managed

Pools together small amounts from a large number of investors

All of the answers are correct

3.

Most people spend much time and energy worrying about, discussing, and purchasing life insurance, but at any point before age 65 there is a greater likelihood of becoming ________ than there is to die.

Group of answer choices

incapacitated

injured

immobilized

disabled

All of the answers are correct

4.

If someone had invested $1 in 1930 they would have the most amount of money today if they had chosen:

Group of answer choices

to simply keep the cash hidden in a safety deposit box.

to invest in certificates of Deposit.

to invest in bonds.

to simply follow inflation.

to invest in stocks.

5.

At first, it may appear counterintuitive to be upset about receiving a large tax refund, but large refunds, as well as large tax bills, are signs of ________ income tax management.

Group of answer choices

effective

sound

good

poor

None of the answers are correct

6.

Asking a hypothetical question to gauge risk is different than how you might react in real life, but at least you have an idea of how to determine your what?

Group of answer choices

Purchasing Power

Investing Ability

Risk tolerance

Portfolio

Perception

Solutions

Expert Solution

1. From your paycheck, what is a combination you pay towards Social Security and Medicare taxes? Group of answer choices

Ans : FICA

2. A mutual fund does what?

Ans : All of the answers are correct

3. Most people spend much time and energy worrying about, discussing, and purchasing life insurance, but at any point before age 65 there is a greater likelihood of becoming ________ than there is to die.

Ans :All of the answers are correct

4. If someone had invested $1 in 1930 they would have the most amount of money today if they had chosen:

Ans : to invest in stocks

5. At first, it may appear counterintuitive to be upset about receiving a large tax refund, but large refunds, as well as large tax bills, are signs of ________ income tax management.

Ans :None of the answers are correct

6. Asking a hypothetical question to gauge risk is different than how you might react in real life, but at least you have an idea of how to determine your what?

Ans :Risk tolerance

ekkarill92 answered 2 years ago
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