Start savings program, Eric has $1,000 and would like to

Start savings program

Assignment Help Financial Management

Reference no: EM131991614

1. Eric has $1,000 and would like to use it to start a savings program. He will add to the program regularly by investing $50 per month in a liquid account. Which of the following types of accounts would be most appropriate in this situation?

a. Series EE savings bonds

b. Money market deposit account

c. Certificates of deposit

d. U.S. Treasury bills

e. NOW account

2. Your average tax rate is your

a. adjusted gross income divided by tax withheld.

b. tax liability divided by gross income.

c. tax liability divided by taxable income.

d. taxable income divided by tax withheld.

e. gross income divided by tax refund.

Reference no: EM131991614

Questions Cloud

Advise Paul regarding damages which amounts can Paul claim : CO5119 Business Law Assignment - Advise Paul regarding damages. Which amounts can Paul claim as damages resulting from the incident at the Golf Club

Who bears the cost of signaling their quality : A recruiting firm wants to devise a self-selection mechanism to separate the Movers and the Shakers. Once the two types are identified

The use of infrastructure as service to internal investment : You are an IT specialist in a private medical practice. The practice includes three physical locations and 35 employees.

What us sites do you trust for news : Use information from "brand names" like the New York Times, CNN, Fox News, and the Wall Street Journal have proven reliable for information online.

Start savings program : Eric has $1,000 and would like to use it to start a savings program. He will add to the program regularly by investing $50 per month in a liquid account.

Decision-making process in our economic system : "Invisible hand": What is it and how does it affect the decision-making process in our economic system?

Affect the growth of recycling industry : 1. What is the structural feature of "vertically integrated" industry?

Terms of positive economics : Would this situation be described in terms of Positive economics? Would this situation be described in terms of Normative economics?

Least expensive method for banks to interact with customers : The interest earned on your Series EE savings bonds. The least expensive method for banks to interact with their customers is.

User Account

All Pages