wa The penalty for evasion can incl. penalties allo 26. The study of personal finance involves how people spend their financial invest all of these 27. The preferred phase of the economic cycle is expansion peak. trough contraction al cash flow while bring yally 28. When comparing buying versus renting comparable housing, renting requires a one's tax liability lower; increases lower; decreases higher increases d higher decreases 29. Which of the following economic indicators tends to move in the opposite direction of where the combate procyclical indicators employment rate gross domestic product countercyclical indicators 30. You decide to invest $3,000 a year in your 401(k) retirement account, which earns an 8 percenta retur. Aber 35 years, approximately how much money will you have in the account over and above the amounts you will contribute through the years $105,000 $411,950 $212,000 $516,950 31. Being in the highest marginal tax bracket, you would pay less taxes by holding an investment with capital gains over you True b. False