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

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
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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