1.Compute the total and annual returns on the described investment.

Five years after paying $15,487 for shares in a new company, you sell the shares for $7342

A. Total Return:-49.96%

Annual Return:-13.17%

B. Total Return:-42.07%

Annual Return:-11.09%

C. Total Return:-55.22%

Annual Return:-14.56%

D. Total Return:-52.59%

Annual Return:-13.87%

2.You are married filing jointly and have a taxable income of $287,874. You make monthly contributions of $1095 to a tax-deferred savings plan. Calculate the effect on annual take-home pay of the tax-deferred contribution. using 2013 marginal tax rate standard deduction and exemption table

A. Take-home pay will be $4336 less per year with tax-deferred plan

B. Take-home pay will be $4336 more per year with tax-deferred plan

C. Take-home pay will be $3679 more per year with tax-deferred

D. Take-home pay will be $3679 less per year with tax-deferred plan

3.Your deductible expenditures $4146 for contributions to charity and $635 for state income taxes. Your filing status entitles you to a standard deduction of $6100. Should you itemize your deductions rather than claiming the standard deduction? If so, what is the difference? using 2013 marginal tax rate standard deduction and exemption table

A. Yes, $4781

B. Yes, $1319

C. Yes, $2589

D. No, you are better off with the standard deduction.