A low-risk investment might have a high price if it is in great demand. it belongs to
Question:
A low-risk investment might have a high price if
it is in great demand.
it belongs to a new company.
it protects the initial investment.
it guarantees profits.
Corporate taxes are a type of
income tax.
property tax.
sales tax.
excise tax.
The higher a country’s gross domestic product (GDP), the morelikely it is that the country
is wealthy.
is developed.
has high inflation.
has little debt.
In which situation would a savings account bethe best investment to earninterest?
saving for retirement in 20 years
saving to buy a new car in three years
saving to buy a new house in seven years
saving to easily access the money when needed
An extended recessionary period is indicative of
a depression.
the start of a recovery.
a growing economy.
the end of a recession.
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill