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If your taxable income is $86,000 and you paid taxes of $18,000, your average tax rate rounded to the nearest percent is

A person has estimated their adjusted gross income to be $54,455. Since they are a single parent, they can file as head of household so the standard deduction is $21,900. They can claim a Child Tax Credit of $2,000. Answer the question, what is their taxable income?

A full-time student spends time in class and studying. This is time they cannot spend at work making money. When you give up something in order to do something else it is called an_________.

The best way to build your credit score is to carry a balance from month to month on your credit card.

On which type of life insurance policy will your premiums increase as you get older?

When inflation, as measured by the change in the consumer price index (CPI), is high,

The major advantage of term life insurance over whole life insurance is that

A person is subject to a federal marginal tax rate of 22%. They earned an extra $400 bonus at the end of the year. How much of the bonus income will they pay in federal taxes? Federal tax brackets are as follows: 12% 22% 24% 32%

Identify the fallacy: “Since we swapped Sgt. Bowe Bergdahl for Taliban prisoners, not only will terrorists kidnap our soldiers with increasing regularity but we will have to constantly negotiate with terrorists.” 

Identify the fallacy: “When the president breaks the law, it’s not a crime.”