1. Insider trading is deemed to be illegal when certain corporate information:

   	a.	is material and not yet disclosed to the public.
   	b.	is not material and not yet disclosed to the public
   	c.	is material but is already known to the public
   	d.	is not material and already known to the public.

QUESTION 35

1. Disability insurance provides benefits designed to:

   	a.	pay for medical expenses associated with injuries sustained on the job
   	b.	substitute for lost income for time one can not work associated with an injury
   	c.	substitute for social security benefits to dependent children
   	d.	pay for nursing home costs whwen one can no longer perform an activity of daily living

QUESTION 36

1. Two primary advantages of a 15 year mortgage over a 30 year mortgage are:

   	a.	lower monthly payments and prepayment privileges
   	b.	lower total interest payments over the loan term and earlier payoff of the loan
   	c.	Ability to lengthen the loan and easier to qualify
   	d.	a and b

QUESTION 37

1. A and B each have a salary of $100,000.They are both single and have no other income. A participates in an employer sponsored plan. B does not participate in an employer plan.

   Who can make a tax deductible contribution to a traditional IRA?

   	a.	A
   	b.	B
   	c.	Both
   	d.	Neither

QUESTION 38

1. C and D each have a salary of $500,000. They are both single and have no other income, C participates in her employer sponsored retirement plan, D does not participate in an employer plan.

   Who can make a tax deductible contribution to a traditional IRA?

   	a.	C
   	b.	D
   	c.	Both
   	d.	Neither

QUESTION 39

1. E and F each have a salary of $100,000 They are both single and have no other income. E participates in his employer sponsored plan. F does not participate in an employer plan.

   Who can contribute to a ROTH IRA?

   	a.	E
   	b.	F
   	c.	Both
   	d.	Neither

QUESTION 40

1. 	E and F each have a salary of $100,000 They are both single and have no other income. E participates in his employer sponsored plan. F does not participate in an employer plan. Who can make a TAX DEDUCTIBLE contribution to a ROTH IRA?

   	a.	E
   	b.	F
   	c.	Both
   	d.	Neither