AGEC 235 final questions with correct answers

professionals should strive to save ____ months of expenses in an emergency fund CORRECT ANSWER 3-6 according to the textbook, you many want to begin thinking about estate planning during ______ as your priorities shift from wealth accumulation to wealth preservation CORRECT ANSWER the golden years according to the rule of 72, it should take _____ years for a 2500 CD earning 6% to double in value CORRECT ANSWER 12 net worth is the difference between assets and ______, whereas Net income is the difference between income and ______ CORRECT ANSWER liabilities and expenses a ______ is depositing an equal sum of money at the end of each year, allowing it to grow CORRECT ANSWER compound annuity _______ is an example of unearned income for which you would receive a 1099 CORRECT ANSWER interest all except for _______ can be used to reduce taxable income CORRECT ANSWER credits according to the textbook, social security and medicare taxes withheld often appear as "FICA" on a w-2 CORRECT ANSWER true all except for _____ impact the future v