ABA CTFA Practice Test - Questions Answers, Page 9
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Which of the following would be included in a cash budget?
It is the deduction of AGI based on the number of persons supported by the taxpayer's income
Exemptions are phased out and eliminated altogether for taxpayers with high levels of AGI. After adjusting for inflation it applies to single taxpayers with 2008 AGI:
The illegal act failing to accurately report income or deductions and in extreme cases, failing to pay taxes altoghter is:
It is a technique used to reduce taxes in which a taxpayer shifts a portion of income to relatives in lower tax brackets. What is it?
A good way to keep your spending in line is to make all household transactions (even fun money or weekly cash allowances) using a tightly controlled:
An account offered by credit unions that is similar to interest paying checking accounts offered by the other financial institutions is:
It is a type of insurance account that protects funds on deposit against failure of the institution; can be insured by FDIC and the NCUA.
_____________ are a popular offering at bank and other depository institutions and competes for deposits with money market and mutual funds.
________________ pools the funds f many small investors to purchase high return, short term marketable securities offered by the U. S treasury.
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