Use RIA Checkpoint to answer the following questions.

3. While researching a tax question for a client you locate a helpful case with the following citation: 428 F.2d 812. After reading the case, however, you are not sure you fully understand the courts reasoning in reaching its decision. You decide it would be a good idea to use the Federal Tax Coordinator Analysis (FTC) to help clarify things for you. Use the citator button to determine how many paragraphs in the FTC link to this case.

a. 1

b. 2.

c. 3.

d. 4.

e. None of the above.

4. Calculate the following using the TOOLS, Savings, Cool Million section of Checkpoint. Assume a person (age 25) is planning to save $400 each month at an expected rate of return of 5% and expected inflation rate of 2%. At what age would this person become a millionaire? (Use age 65 as your millionaire target age and amount currently invest = zero).

a. 30.

b. 46.

c. 50.

d. 74.

e. None of the above.