BUSN 380 DEVRY FINAL EXAM SET 2
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money management<br />
an opportunity cost<br />
a balance sheet<br />
creative accounting<br />
electronic analysis<br />
Question 9.9. (TCO 2) An example of _____ would involve a situation in which Judy Smith and Tom<br />
Smith each write their daughter a check for $12,500 for graduation, instead of giving her one $25,000<br />
check, so they will not have to pay a gift tax. (Points : 4)<br />
<br />
<br />
<br />
<br />
<br />
fraud<br />
tax evasion<br />
tax exclusion<br />
tax avoidance<br />
tax-deferred income<br />
Question 10.10. (TCO 2) A _____ is an employer-sponsored program that allows a taxpayer to cover<br />
medical and child care costs. (Points : 4)<br />
<br />
<br />
<br />
<br />
<br />
tax credit<br />
tax deduction<br />
flexible spending account<br />
tax-deferred investment<br />
tax-exempt investment<br />
Question 11.11. (TCO 2) The Federal Deposit Insurance Corporation insures deposits up to $250,000<br />
per person per financial institution. Joyce has $198,000 in an individual account and $404,000 in a joint<br />
account with her husband, Dan. How much of Joyce’s money is not covered by FDIC insurance? (Points :<br />
4)<br />
$198,000<br />
$250,000<br />
$602,000<br />
$150,000<br />
$0<br />
Question 12.12. (TCO 2) The most liquid type of account would be a (Points : 4)<br />
<br />
<br />
<br />
<br />
<br />
certificate of deposit.<br />
checking account.<br />
money market account.<br />
brokerage account.<br />
share of stock.<br />
Question 13.13. (TCO 3) All of the following are examples of closed-end credit except a(n) (Points : 4)
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