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QUESTION 26 The person(s) you choose as executor(s) of your estate will be responsible for a. paying your debts b. serving as guardians to your

QUESTION 26

  1. The person(s) you choose as executor(s) of your estate will be responsible for

    a. paying your debts

    b. serving as guardians to your children

    c. distributing your remaining assets

    d. a and c only

    e. all of the above

    QUESTION 29

    Financial advisors may assist through all the following services EXCEPT

    Tax Planning

    Career Planning

    Estate Planning

    Investment Planning

    QUESTION 30

    Taxes withheld from your wages include

    FICA and Medicare

    Self-Employment Tax

    Earned Income Credit

    W-2s

    Jake invested $800 in an IRA. If he has a 15% marginal tax rate and the contribution is tax deductible, Jake will

    pay $120 more in taxes

    pay $120 less in taxes

    receive no change to his tax liability

    have $800 less in adjusted gross income

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