Questions 21-28

QUESTION 21 Taxes paid (tax liability divided by taxable income Marignal Tax Rate Adjusted Gross Income Average Tax Rate Taxes Payable QUESTION 22 Tyson cites the following as criteria for successful stock investing EXCEPT... O a diversified portfolio a buy and hold strategy o pick fast growing companies that are widely publicized minimize your expenses QUESTION 23 According to Tyson, all of the following are characteristic of successful companies EXCEPT... O provide a good or service that the public likes take on NO debt effective marketing O manage costs effectively QUESTION 24 Your taxable income last year was 548,422. You are subject to the following marginal tax rates: 10% for income up to $20,000: 15% for income from $20,000 to $30,000: 20% for income above 530,000. What is your tax bill? 59.684 57.184 53.500 None of the above QUESTION 25 Based on historical rates of return, when I have extra cash I should seek first to invest in the stock market and THEN I should pay off my credit cards True False QUESTION 26 Price at which supply equals demand Par value Equilibrium Sales price O None of the above QUESTION 27 Increase in the value of a property due to changes in the market Appreciation Depreciation Depletion None of the above QUESTION 28 Amount of money or currency in circulation Money Supply Time Value of Money Capital Gains Equilibrium