In 2018 Lindsey Decides She No Longer Wants to Work

question 7

Multiple Choice

In 2018 Lindsey decides she no longer wants to work in public accounting and decides to attend massage therapy school so that she may work as a massage therapist. She spends $6,000 for the education, obtains the required training and licensures in 2018, and began working with clients within her new career as a massage therapist in November 2018. For Susie, is the massage therapy school a work-related education expense?

• A) Yes, the education is required by her potential employers and the law.
• B) Yes, the education is required to meet the minimum educational requirements of the trade.
• C) No, the education is not required by her potential employers or the law
• D) No, the education is required to meet the minimum educational requirements of the trade.

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Definitions:

Risk-Free Asset

is an investment that is expected to deliver a guaranteed return with no risk of financial loss.

Expected Rate

Anticipated return on an investment, often considering the risk and time value of money.

Standard Deviation

Standard deviation quantifies the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used in statistics to quantify the spread of a data set.