A Savings Ratio Calculated from an Income and Expense Statement

question 108

Multiple Choice

A savings ratio calculated from an income and expense statement represents the:

• A) percentage of gross income saved.
• B) ability to cover immediate debt when there is an interruption in income.
• C) percentage of after-tax income saved.
• D) percentage of tax-deferred income earned annually.
• E) percentage of asset value salvaged.

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Definitions:

Public Places

Public places are areas that are open and accessible to people, such as parks, streets, and buildings used for public gathering.

CBT

Cognitive Behavioral Therapy, a psychotherapeutic approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.

Psychotherapy

A therapeutic treatment involving psychological methods, typically involving regular personal interaction with a professional, to help a person change behavior and overcome problems in desired ways.

Parents

The mother and father or legal guardians of a child, responsible for their caretaking and upbringing.