1. Jack has MAGI of $50,000 and social security benefits of $20,000. Calculate the dollar amount Jacks social security benefit that will be taxed. Jack is a single filer and in 2018 the first hurdle for single filers is $25,000 and the second hurdle is $34,000. A. $9,100 B. $17,000 C. $17,735 D. None of the above

2. Which situation is best suited for households to use insurance? A. a risk that is likely to happen but the loss would be small B. a risk that is likely to happen but the loss is large C. a risk that is unlikely to happen but the loss would be small D. a risk that is unlikely to happen but the loss would be large

3.Which type of insurance is the least necessary for a household with kids who really like smart phones? A. Health Insurance B. Insurance on a smart phone C. Life Insurance D. Long Term Disability

4.Which type of insurance runs the risk of premiums increasing in the future? A. Mortgage insurance B. Whole life insurance C. Variable life insurance D. Universal life insurance