Which of the following practices helps an individual survive in a financial crisis? A.Planning tax without considering tax shelters B.Establishing an emergency fund with 6 months’ worth of income C.Spending more than his or her earnings to maintain a good lifestyle D.Investing small amounts regularly to achieve long-term financial goals E.Developing financial plans only after reaching the highest tax brackets
Which of the following practices helps an individual survive in a financial crisis? A.Planning tax without considering tax shelters B.Establishing an emergency fund with 6 months’ worth of income C.Spending more than his or her earnings to maintain a good lifestyle D.Investing small amounts regularly to achieve long-term financial goals E.Developing financial plans only after reaching the highest tax brackets
Chapter3: Computing The Tax
Section: Chapter Questions
Problem 4DQ
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Which of the following practices helps an individual survive in a financial crisis?
A.Planning tax without considering tax shelters
B.Establishing an emergency fund with 6 months’ worth of income
C.Spending more than his or her earnings to maintain a good lifestyle
D.Investing small amounts regularly to achieve long-term financial goals
E.Developing financial plans only after reaching the highest tax brackets
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