36) An advantage of investing in a 401(k) plan is the A) Possibility of receiving an employer match on your con B) Ability to invest up to 25% of your annual income. C) Ability to pay taxes on distributions. D) Ability to withdraw contributions before age 55 without pe E) Opportunity to save $25,000 per year. h on your contributions. efore age 55 without penalty. 37) Janet is single and is completing her federal income taxes for identified the amounts listed here. How much of these come taxes for the year. She has e. How much of these items can she rightfully deduct AGI: $42,000 Medical and dental expenses: $1,100 State income taxes: $1,000 Mortgage interest: $7,000 Charitable contributions: $1,250 A) $8,250 B) $9,250 C) $10,350 E) $7,000 D) $3,350 TRUE/FALSE. Mark "A" for true, "B" for false. 38) REFER BACK TO QUESTION 36: Janet has asked you for tax advice. After being assured that she's accurately listed all possible deductions, you will encourage her to "itemize" these rather than take the standard deduction MULTIPLE CHOICE. Choose the one alternative that best completes the statement or ar question. 39) A drawback of a regular savings account is A) A low minimum balance. B) Ease of withdrawal. C) Easy access to deposits. D) A low rate of return. E) Being insured. 40) Another name for a regular savings account is a A) Checking account. B) Money market fund. C) Certificate of deposit. D) Money market account. E) Passbook or statement account