stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
FIN Mid 2 Prep (TVM, Retire, College. Estate) Flashcards | StudBud
Explore
/
FIN Mid 2 Prep (TVM, Retire, College. Estate)
FIN Mid 2 Prep (TVM, Retire, College. Estate)
15 terms
·
StudBud Administration
·
63 plays
Time Value of Money, Retirement and College - Mid Term 2 Prep
Flashcards
15 cards
F
Practice quiz
P
Host live
L
Questions
15
Answers
1
How much of the Lifetime Learning Credit is refundable?
100%
40%
25%
0%
2
Annuity Due payments are made at the beginning of the period.
True
False
3
Everyone going to college should fill out the FAFSA no matter what your income is?
True
False
4
Coverdell Plans have an income threshold in order for you to contribute?
True
False
5
An IRA with a properly named beneficiary is subject to probate?
Yes
No
6
What do you account for in your pre-retirement budget but not in post-retirement budget?
Federal Income Tax
Food
FICA Taxes
Health Care
7
529 Plans have an income threshold in order to contribute?
False
True
8
This is my favorite class?
Meh I can take it or leave it!
Well if I have to say yes I will!
NO WAY!!
Yes of course duh!!
9
The inflation rate we discussed in class was?
3.5%
7%
1.5%
5.5%
10
Which of the following establishes last wishes regarding sustaining life?
Guardianship
Trust
Living Will
Will
11
If you're asked to caluclate the value of an account after you have saved for 10 years this is:
Absurd!
A Future Value calculation
A present value calcualtion
A payment calculation
12
How much of the American Opportunity Credit is refundable?
40%
100%
25%
0%
13
Ordinary annuity payments are made at the beginning of the period.
True
False
14
A Will names a guardian for your minor children?
No
Yes
15
Which of these pieces of information do you NOT need to calculate your retirement "number"?
Rate of Return
Inflation Rate
Life Expectancy
Current Age
