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Which of the following is the most common range for wage replacement ratios?

Which of the following is not excluded from gross income?

Contributing $1,500 to his retirement fund at the end of each year beginning at age 18 through age 50, with an average annual return of 12%, how much does Juan have in his retirement account at this time to use toward a possible early retirement?

Amy filed her tax return on April 15. At that time, she owed $800 on a total tax liability of $10,000 and she submitted a check for $800 with her tax return. Which of the following penalties will apply to Amy?

Greg just received his student loan statement that indicates he paid $3,000 of interest on his student loan during the tax year. How much of the interest may he deduct?

All the following federal income tax penalties are correct except:

Randy has ten shares of stock that he bought on March 1, Year 1, for $5 each. On March 1, Year 2, he sells all the shares for $200. What is the income tax consequence of the sale?

Which of the following statements is correct regarding Social Security?

Bill, who is single, sells his personal residence to move from Atlanta to Chicago due to being transferred by his employer. He has owned and used the house for 18 months. The sale price is $460,000, selling expenses are $25,000 and his adjustable taxable basis is $180,000. What, if any, is Bill’s taxable gain?

Which of the following statements about retirement planning trends is correct? I.The percentage of those age 65 and older who are still employed has been steadily declining over the past 30 years. II.The change in the number of defined benefit plans has resulted in a shift in risk from employers to employees. III.The increased life expectancy combined with reduced annuitized benefits has increased the risk of superannuation for retirees.