BUSN 380 DEVRY FINAL EXAM SET 2
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
$43.6 million<br />
$45 million<br />
$38.2 million<br />
$40 million<br />
$16 million<br />
Question 39.39. (TCO 6) Tracey Patterson would need to purchase a(n) _____ if she desires federally<br />
tax-exempt income. (Points : 4)<br />
<br />
<br />
<br />
<br />
<br />
junk bond fund<br />
intermediate corporate bond fund<br />
municipal bond fund<br />
short-term government<br />
bond world bond fund<br />
Question 40.40. (TCO 6) A benefit associated with an investment in a real estate limited partnership is<br />
that the investor (Points : 4)<br />
does not have to worry about capital gains tax.<br />
does not have to pay federal income tax.<br />
does not have to pay state income tax.<br />
can invest in a shopping center or large building by investing as little as $5,000.<br />
faces an investment that is very liquid.<br />
Question 41.41. (TCO 6) Judith recently inherited several pieces of diamond jewelry from her aunt. This<br />
jewelry is an example of (Points : 4)<br />
<br />
<br />
<br />
<br />
<br />
a direct investment in real estate.<br />
an indirect investment in real estate.<br />
an investment in precious metals.<br />
an investment in collectibles.<br />
an investment in gems.<br />
Question 42.42. (TCO 6) If Jeremiah’s employer makes nontaxable contributions to a plan in his name<br />
and his salary is reduced by the same amount, Jeremiah has a (Points : 4)<br />
<br />
<br />
<br />
<br />
<br />
money-purchase pension plan.<br />
stock bonus plan.<br />
profit-sharing plan.<br />
defined benefit plan.<br />
403(b) plan.<br />
Question 43.43. (TCO 6) Chuck owns a home worth $140,000, a car valued at $30,000, and<br />
miscellaneous assets worth $7,500. He owes $75,000 on the home and $12,000 on the car, and has no