BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 8

Question 40.40. (TCO 6) A benefit associated with an investment in a
real estate limited partnership is that the investor (Points : 4)
Question 41.41. (TCO 6) Judith recently inherited several pieces of
diamond jewelry from her aunt. This jewelry is an example of (Points :
4)
Question 42.42. (TCO 6) If Jeremiah's employer makes nontaxable
contributions to a plan in his name and his salary is reduced by the
same amount, Jeremiah has a (Points : 4)
Question 43.43. (TCO 6) Chuck owns a home worth $140,000, a car
valued at $30,000, and miscellaneous assets worth $7,500. He owes
$75,000 on the home and $12,000 on the car, and has no other debts.
His retirement account, in which he is fully vested, contains $17,500 in
mutual funds. He is insured with a $250,000 term life insurance policy.
What is his net worth? (Points : 4)
Question 44.44. (TCO 7) The benefits of establishing a trust include
the fact that (Points : 4)