The best way to save money is to

A. start your own business designed to create business tax deductions.

B. pay yourself first by taking out money for savings from each paycheck before deciding what to do with the remaining money.

C. pay yourself last.

D. prepare, a balance sheet.

Liam is in the habit of using his credit card for expenditures made on business trips. The most likely reason he does this is to

A. pad his expense account.

B. lower his business expenses.

C. keep track of his purchases.

D. take a deduction on the interest he pays on his credit card balance.

Claire has been following the stock market, and has noticed that it has been declining for the last several weeks. While many of her friends and family have sold stock, Claire looks at this situation as a good opportunity to buy. Claire's views are consistent with the __________ approach to investing in the stock market.

A. contrarian

B. negativist

C. arbitrarian

D. revisionist

What is a benefit unique to buying two attached homes, as opposed to the purchase of a single-family home?

A. Real estate taxes are tax deductible.

B. The value of the home may increase over time.

C. The rent income will help make the mortgage payment.

D. Mortgage interest payments are tax deductible.

Which deductible level would result in the lowest premium for automobile insurance?

A. $500

B. $200

C. $750

D. $1,000

Parker and Jade are newlyweds and received some very expensive wedding gifts, including some beautiful silverware and jewelry. Their homeowner's policy

A. does not automatically cover such items and they must take out a separate policy specifically for those types of items.

B. does not automatically cover these items, but a rider can be used to add this coverage.

C. automatically covers these items.

D. automatically covers these items from theft, but not from damage due to fire, explosion, or vandalism.

As an employee of Grant Manufacturing, Sydney has an opportunity to invest pretax income in an employer-sponsored retirement plan. Her employer will contribute 50 cents for every dollar that Sydney contributes to this fund. This is an example of a(n)

A. restricted private investment (RPI) plan.

B. 401(k) plan.

C. Keogh plan.

D. individual retirement account (IRA) plan.