You own 1000 shares of a mutual fund and you originally paid ,000 for those shares. During the year you earn income dividends of $.26 per share and had capital gains distributions of .12 per share. At the end of the year you sold the shares of the mutual fund for .50 per share. [...]
I’m 21 and not in college until next year. If I get a job, would it be stupid to put 100% or 90% of my income into a mutual fund? I was thinking I could put it in there and let it gain interest while I’m in college and unable to pull that amount (k [...]
Hello,
I am a young adult. My parents are disabled so we live in public housing. I am trying really hard to move out but I can’t work out the numbers. Lets say for example I work for /hour, 5 days a week, from 9-5 pm. Annually I can make about ,200. But the problem with [...]
1. Which of the following is not true concerning Income Tax Refunds? (1 point)
It is advantageous to receive a large sum of money in the form of a refund so that you can use the money to pay down debt.
You are essentially giving the government an interest–free loan.
It means that you are [...]
Attempts to increase income are part of the ____________ component of financial planning.
planning
obtaining
saving
sharing
True or False
1. Most financial records should be kept in a safe-deposit box.
2. A personal balance sheet reports the financial position of a person or family on a given date.
3. Assets represent amounts owned to others that must be paid within the next year.
4. Spending less than your income will increase net worth.
5. Taxable income [...]