1. attempts to increase income are part of the . component of financial planning.a. planningb. obtainingc. savingd. sharing2. a person with a total tax liability of $4,350 and withholding a federal taxes of $3,975 would:a. owe $4,350.b. owe $375.c. receive a refund of $4,350.d. receive a refund of $375.3. renting is more advantageous than buying a home for:a. lower short-term living costs.b. financial benefits.c. long-term investment purposes.d. receiving tax benefits.4. the value of the mutual funds portfolio, minus the mutual funds liabilities, divided by the number of shares outstanding is called the:a. book value.b. per share value.c. net asset value.d. accounting value.5. beverly foster is planning for her retirement. she has determined that her car is worth $10,000, her home is $150,000, her personal belongings are worth $100,000, and her stocks and bonds are worth $300,000. she owes $50,000 on her home and $5000 on her car. what step in the retirment planning process is beverly completing?a. analyzing her current assets and liabilities.b. estimating her planning retirement income.c. evaluating her planninf retirement income.d. develoing a balanced budget based on her retirement income.
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