Legally, sellers must disclose known defects in their homes via a defect disclosure form.

Jeff just was awarded an end-of-year bonus of $2,000. His employer offered him the option taking the money this year or after January 1. This year Jeff is in the 24 percent marginal tax bracket, but next year Jeff expects to be in the 22 percent marginal tax bracket. Therefore, the estimated income tax liability on this $2,000 bonus would be _____ this year and _____ next year.

Brice is going to purchase a hi-def, flat-screen TV. He has decided on everything except the screen size. The unit with the 42-inch screen costs $600 while the unit with the 47-inch screen costs $750. In making this decision, which concept should Brice use?

Julie and Alex have compiled their financial records and would like to know if they are living within their level of income. What is their surplus? ​ Salaries $48,000 Interest income $1,200 Food expenses $10,500 Rent $14,400 Clothing costs $3,600 Auto expenses $4,200 Recreation $4,800 Miscellaneous expenses $3,400

You may want to buy a service contract for peace of mind, but it is generally unwise economically.

It is especially important to use “key phrases” when preparing your résumé because

Collateral is pledged as security for repayment of a loan.

Miako has just applied for a credit card that offers a 1.9 percent interest rate for 12 months. At the end of 12 months, the interest rate will be “prime plus 9 percent.” Which of the following characteristics does this card have?

Inflation is defined as a steady rise in the general level of prices.

The main purpose of a cover letter is to indicate a desired a salary.