Question

Which of the following is identified as a 501(c)(3)? (1 point) Responses a private school a private school a lobbying firm a lobbying firm a company that donates its profits but has unrelated business income a company that donates its profits but has unrelated business income a private foundation a private foundation

Answer 1

Prior to the CARES Act, up to what percentage of your income could be deducted as a donation to charity? (1 point) Responses 70% 60% 100% 80%

Answer 2

What is the savings in a bank referred to as? (1 point) Responses A pile of money under your mattress A pile of money under your mattress A real estate property A real estate property A luxury car A luxury car An interest bearing savings account

Answer 3

Which option is an investment with compound interest?(1 point) Responses a checking account a checking account a rental property a rental property a mutual fund following the S&P 500 a mutual fund following the S&P 500 a savings account

Answer 4

Which of these is considered a financial market?(1 point) Responses Sotheby’s auction Sotheby’s auction New York Stock Exchange New York Stock Exchange J.P. Morgan Chase J.P. Morgan Chase Ferrari dealership

Answer 5

Which of the following is not a characteristic of a typical bank savings account?(1 point) Responses savings are easily accessible for the customer savings are easily accessible for the customer a high interest rate a high interest rate no restrictions on money withdrawals or deposits no restrictions on money withdrawals or deposits an average of 0.05% interest with no other restrictions