BUSN 380 help Making Decisions/uophelp.com BUSN 380 help Making Decisions/uophelp.com | Page 29

Mortgage interest
A tax shelter
A dependent
Charitable contributions
Passive income
Question 10.10. (TCO 2) Generally, the way most people pay federal
income tax is by
paying the total amount owed by April 15.
filing quarterly tax payments.
having amounts withheld from income.
earning tax credits for various deductions.
Question 11.11. (TCO 2) If you expect interest rates will decline over
the next few months, you should use a(n) _____ to maximize your
earnings.
regular savings account
interest-bearing checking account
5-year certificate of deposit
6-month certificate of deposit
money market fund
Question 12.12. (TCO 2) An example of a _____ deposit is a checking
account.
common
time
current
loan
demand
Question 13.13. (TCO 2) When profits are generated by a mutual
savings bank, they will go to the
creditors.
loan applicants.
stockholders.