Question: When he accepted his job Mr MG instructed his employer
When he accepted his job, Mr. MG instructed his employer to withhold substantially more federal income tax from his monthly paycheck than was indicated by his marital and family situation. As a result, he routinely overpays his tax and receives a refund each spring, which he invests in a mutual fund. Mr. MG views this strategy as an efficient means of enforced savings. Do you agree?
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