CAREER PLANNING: PREPARING FOR
THE FUTURE EXAM QUESTIONS AND
ANSWERS
When your taxes have increased, you may be able to legally save money by
_________. -ANSd.
Making itemized deductions on your return
Due to the necessity of living on a fixed income, many retirees find it difficult to
_______. -ANSd.
All of the above
What disadvantage would be experienced by a person applying for their Social Security
benefits at age 62? -ANSb.
They would receive only a partial benefit for as long as they collect Social Security
Upon retirement, some retirees save money by ________. -ANSc.
Moving to live with their children
Emergencies can be difficult for retirees to handle, because retirees ___________. -
ANSc.
Typically live on a fixed income
In which environment would you would be more likely to have easy access to museums
and fine arts? -ANSa.
Urban
A 401(k) account is very valuable because ______. -ANSa.
Money contributed to a 401(k) is not taxed
Although a money market account generally earns more interest than a savings
account, it has the disadvantage of ____________. -ANSd.
Requiring a minimum balance
In order to reduce the possibility that a technological paradigm shift will render your
skills obsolete, you should ______. -ANSis not
a.
Encourage others to keep their skill sets current or
b.
Try to keep your company from adopting new technology
THE FUTURE EXAM QUESTIONS AND
ANSWERS
When your taxes have increased, you may be able to legally save money by
_________. -ANSd.
Making itemized deductions on your return
Due to the necessity of living on a fixed income, many retirees find it difficult to
_______. -ANSd.
All of the above
What disadvantage would be experienced by a person applying for their Social Security
benefits at age 62? -ANSb.
They would receive only a partial benefit for as long as they collect Social Security
Upon retirement, some retirees save money by ________. -ANSc.
Moving to live with their children
Emergencies can be difficult for retirees to handle, because retirees ___________. -
ANSc.
Typically live on a fixed income
In which environment would you would be more likely to have easy access to museums
and fine arts? -ANSa.
Urban
A 401(k) account is very valuable because ______. -ANSa.
Money contributed to a 401(k) is not taxed
Although a money market account generally earns more interest than a savings
account, it has the disadvantage of ____________. -ANSd.
Requiring a minimum balance
In order to reduce the possibility that a technological paradigm shift will render your
skills obsolete, you should ______. -ANSis not
a.
Encourage others to keep their skill sets current or
b.
Try to keep your company from adopting new technology
