N/A — Exam Answers

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Easton paid $⁢3,000 in tuition for a part-time graduate program. Which tax credit might Easton be eligible for?

A
Earned Income Tax Credit
B
lifetime learning credit
C
Child Tax Credit
D
American opportunity tax credit
43

Jaquan has a salary of $⁢48,000 His company offers a 401(k) and matches 100% of his contribution up to 5% of his salary. The company's vesting schedule is graded: 20% per year over 5 years. If Jaquan contributes 5% of his salary, how much will the employer contribute, and how much will be vested after 3 years?

A
7 dollars comma 200 employer contribution, 4 dollars comma 320 vested after 3 years
B
4 dollars comma 800 employer contribution, 3 dollars comma 600 vested after 3 years
C
2 dollars comma 400 employer contribution, 1 dollars comma 800 vested after 3 years
D
3 dollars comma 600 employer contribution, 2 dollars comma 160 vested after 3 years
44

How can an increase in household size affect a personal budget in the long term?

A
It may increase housing expenses.
B
It may decrease overall income.
C
It may eliminate the need for an emergency fund.
D
It may reduce grocery expenses.
46

What is the total amount Leela paid in tax withholdings?

A
1 dollars comma 359
B
900 dollars
C
1 dollars comma 272
D
4 dollars comma 641
47

Which research question is relevant, measurable, and aimed at understanding the impact of marketing spend on the demand for the bookstore chain?

A
How many different genres of books does the bookstore offer to customers?
B
What is the relationship between monthly marketing spend and sales of the bookstore chain?
C
How often should the bookstore update its inventory for better sales?
D
Why do people prefer buying books from this bookstore over others?
48

What is the price at the equilibrium point after the supply curve shifts?

A
8 dollars
B
6 point 2 6 dollars
C
8 point 2 6 dollars
D
4 dollars
49

Which investment provides a higher total return at maturity, and how much is it?

A
Investment B with 2 dollars comma 100 point 0 0
B
Investment A with 3 dollars comma 249 point 7 9
C
Investment A with 17 dollars comma 100 point 0 0
D
Investment B with 18 dollars comma 249 point 7 9

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