A Budget Will Not Do Which of the Following

question 14

Multiple Choice

A budget will not do which of the following?

• A) Help determine how much risk a family should take on investments
• B) Anticipate cash shortages
• C) Determine the excess you have to invest
• D) Determine the additional payments you can make to reduce personal debt

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Definitions:

Nearest Hundred Thousand

Rounding a number to the closest increment of one hundred thousand.

Social Security Contributions

Payments made to a government scheme that provides retirement, disability, and survivals benefits, funded through taxes on employers and employees.

Benefits

Advantages or payments made to employees, members of insurance policies, or other eligible parties, often in the form of health insurance, retirement plans, or disability coverage.

Tax Shelter

An investment strategy or financial arrangement designed to reduce, defer, or eliminate tax liabilities.