You are on a TV game show and can choose one of the following. Which would you
Question:
You are on a TV game show and can choose one of the following. Which would you take?
a. $1,000 in cash
b. A 50% chance at winning $5,000
c. A 25% chance at winning $10,000
d. A 5% chance at winning $100,000
You have just finished saving for a "once-in-a-lifetime" vacation. Three weeks before you plan to leave, you lose your job. You would:
a. Cancel the vacation
b. Take a much more modest vacation
c. Go as scheduled, reasoning that you need the time to prepare for a job search
d. Extend your vacation, because this might be your last chance to go first-class
If you unexpectedly received $20,000 to invest, what would you do?
a. Deposit it in a bank account, money market account, or an insured CD
b. Invest it in safe high quality bonds or bond mutual funds
c. Invest it in stocks or stock mutual funds
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill