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can anyone help me answer this question? The allocation of money to specific assets is called: Select one: A. an Emergency Fund B. a Long

can anyone help me answer this question?

The allocation of money to specific assets is called:

Select one:

A. an Emergency Fund

B. a Long Term Savings Plan

C. an Investment Program

D. a Diversified Portfolio

E. none of these

The tax system for assessing personal income tax is based upon the following concept:

Select one:

A. negative gearing is available to all tax payers

B. high income earners should be allowed to claim more deductions

C. tax must be paid within 60 days of the end of the financial year

D. the more you earn the greater capacity you have to pay tax

E. the average tax rate is 30%

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