The standard deduction is the largest for A) married couples filing jointly. B) a head of household C) a single filer. D) married individuals filing separately. ANSWER A
Date: September 19th, 2020
“Marketable title” exists when A) the home is reasonably priced. B) there are several claims on the title. C) the title is free from all claims by third parties. D) you list the home with a real estate agent. ANSWER C
Date: September 19th, 2020
The standard deduction for married couples filing jointly is A) equal to that of single filers. B) twice that of single filers. C) more than twice that of single filers. D) more than single filers, but less than twice that of single filers. ANSWER B
Date: September 19th, 2020
A short position refers to A) inadequate margin in a margin account. B) securities you have sold but do not own. C) an order to sell stock at a price below its current market price. D) securities you purchased but have not yet taken delivery of the shares. ANSWER B
Date: September 19th, 2020
In the process leading to the sale of a home, which of the following comes first? A) The real estate agent simultaneously provides the potential parties to the sale a purchase contract containing the agent’s best estimate of an agreeable price. B) An escrow agent simultaneously provides the potential parties to the sale a purchase […]
Date: September 19th, 2020
If parents claim a child as an exemption on their tax return, the child on his or her tax return A) may take an additional exemption, regardless of how much the child has earned. B) may take an additional exemption, only if the child has earned less than a specified amount. C) may not claim […]
Date: September 19th, 2020
When a potential buyer makes an offer to purchase, he or she places a deposit on the home. This is known as A) an advance payment. B) earnest money. C) closing costs. D) buyer’s insurance. ANSWER B
Date: September 19th, 2020
A round lot is A) 100 shares. B) 10 shares. C) 1,000 shares. D) an even number group of shares. ANSWER A
Date: September 19th, 2020
You take a long position in a stock when you A) buy the stock. B) sell the stock. C) margin the stock. D) lend the stock. ANSWER A
Date: September 19th, 2020
The amount of funds needed to buy 100 shares of a stock at $80 a share with a margin account and an initial margin requirement of 50% is A) $4,000. B) $5,600. C) $6,400. D) $2,400. ANSWER A
Date: September 19th, 2020
