1. What are the taxes? Check all that apply Income Tax Property Tax .Estate Gift Tax Sales Tax on interest earned Tax on interest paid E. 2.Under which of the following circumstances would it be financially beneficial to borrow money to buy something now and repay it with future income? A When something goes on sale B.When the interest on the loan is greater than the interest obtained from a savings account. C.It is always more beneficial to borrow money to buy something now and repay it with future income D. buying something on credit allows someone to get a much better paying job 3.Clothing, purchased with a credit card would be would be considered "bad" debt. Atrys B.falss 4.When considering a 0% APR credit card balance transfer offer, you should know the APR that will go into effect after the promotional period has ended. true B. false 5.The Fair Debt Collection Practices Act (FDCPA) is a federal law that protects consumers from creditors. It forbids your creditors, or those collecting on their behalf from: A. Impersonation or claims of affiliation with the government, including the use of a badge or uniform or other official insignia. B. Repeated calls with the intent to annoy or harass you, and the use of obscene or abusive language. c. Communication at unusual or inconvenient places and times or through third parties without debtor consent. D. all the above 6. Most financial experts, and lenders, advise that your total monthly payments for loan obligations, excluding your mortgage payment, represent what percentage of your monthly income? A.10% B.36% C.20% D 50%