QUESTION 7 A budget, or spending plan, is necessary for successful financial planning and can help in which of the following areas? A Live within your income 3. Spend money wisely C. Reach financial goals D. All of the above QUESTION B For income tax purposes, what are expenses that can be deducted from adjusted gross income, such as certain medical expenses, real estate taxes, mortgage Interest, charitable contributions, etc.? Alterized deductions B. Standard deduction c. Personat exemption D. Tax credit QUESTION 10 If a bank is a member of the Federal Deposit Insurance Corporation (FDIC), then which of the following is true? A. All of your deposits in any type of account with that bank are NOT guaranteed. B. Any loan you take out will receive a special rate. C. The FDIC insures amounts of up to $250,000 per depositor per insured financial institution. D. The NCUA will insure deposits with a bank