True or false. Calculating your tax liability is easy! You always multiply the taxable income times one (and only one) tax rate and you’ll have the answer.

Roscoe Tanner dies. He had $1,000,000 of life insurance. His spouse, Ima, receives the death benefit as a lump sum. If she invests it in a mutual fund that has an average annual return of 9.5%, how much money can she withdraw at the beginning of each year for the next 32 years? (Ignore taxes and inflation. The account balance will be zero after 32 years.)

According to the textbook, what should be your goal as a taxpayer?

Assuming the wage-earner in a family grosses $6,500 per month, how much insurance should be purchased on his/her life using the multiple of income method and using a multiple of 15?

True or False. You must make $54,000 a year or less to qualify for BYU’s VITA tax resource.

Social security and income taxes are considered taxes on:

Life Insurance

True or false. Wages, business income, dividends, alimony received, and gambling winnings are all included in one’s gross income.

When should you purchase renter’s insurance?

True or false. If your credit score is in the top quartile you will usually pay less interest if you get a loan than if your credit score is in the lowest quartile.