Topic Test Answers

In general, it is wise to keep in touch with everyone in your business network at least once every __________.a.Yearb.Monthc.Six monthsd.Week

Individual Retirement Accounts (IRAs) are very popular because ______.a.They include a large variety of stock optionsb.They are not taxed until retirementc.They have very high rates of returnd.They have unlimited contribution potential

When your taxes have increased, you may be able to legally save money by _________.a.Hiding your income in offshore accountsb.Failing to file your tax returns on timec.Giving large money gifts to your spoused.Making itemized deductions on your return

As your income rises, _______.a.Your taxes will stay about the sameb.The amount of taxes you pay increasesc.Your tax bracket will fall to a lower rated.None of the above

Conducting an inaccurate self-assessment can lead you to work at a job that you do not enjoy.