I-Clicker Questions

B

Do you think it's fair that Mitt Romney paid 13.9% on $21 million dollars of income? A) Yes, the wealthy are the job creators and drive our economy. B) Yes, as long as he's practicing tax avoidance and not tax evasion. C) No, he should be paying a larger percentage based on his income D) No, because the tax burden on the middle class is too high

C

How long do advisors recommend you retain your income tax returns and supporting documentation? A) 1 Year B) 3 Years C) 6 Years D) Indefinitely

Probably not Workers do not always adequately value the benefits they have. A good health insurance plan can be worth $8,000 to $15,000 dollars per year.

If you are offered one job with good benefits and a salary of $30,000 per year, will you get the equivalent value in cash compensation at a comparable job that offers no benefits? Why or why not?

B

The official U.S. Government unemployment rate of 4.3% ... A) represents all eligible workers currently receiving unemployment benefits B) is a misleading calculation based on household survey results D) represents all full-time workers who are out of work E) is an accurate calculation of unemployment

A

What is the most effective way of conducting a job search? A) networking B) office of career services C) using a head hunter D) on-line job sites E) newspaper

D

What percentage of your gross annual income is considered by advisors to be the recommended upper limit for mortgage debt service? A) 10% B) 20% C) 25% D) 33% E) 40%

D

Where do employees rank Compensation compared to Recognition, Exciting Work, Job Security, and Education and Growth? A) First B) Second C) Third D) Fourth E) Fifth

D

Which one of the following best illustrates an insolvent situation? A) assets $56,000; annual expenses $60,000 B) assets $78,000; net worth $22,000 C) liabilities $45,000; net worth $6,000 D) assets $40,000; liabilities $85,000 E) annual cash inflows $45,000; liabilities $50,000

D

Which type of audit is the least complicated for taxpayers A) a field audit B) an office audit C) a research audit D) a correspondence audit E) a documentation audit