Bang Nguyen Recently Graduated from College and Started Working in a Good

question 76

Multiple Choice

Bang Nguyen recently graduated from college and started working in a good job. He has a little money invested in a stock that pays no dividends. He lives in an apartment, is single, and has no dependents. He has a $22,000 student loan balance and he paid $600 interest in 2011. He is considering going back to school part-time for some additional computer classes. He does not have a personal IRA and he contributed 2% of his $38,750 salary to his 401K plan at work for 2011. He is just completing his tax return for 2011. Based on the information below, answer the following questions.

-Based on Bang's completed tax return, what advice would you give him to lower his tax liability for 2012?

• A) He should definitely take the computer classes in 2012.
• B) He should sell his stock.
• C) He should increase his contribution to his 401K plan at work.
• D) He should get a roommate and claim him as a dependent.
• E) Both A and C are good advice.

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Definitions:

Publicly Praising

The act of expressing approval or admiration for someone or something in a public setting or forum.

Firing

The act of terminating someone's employment due to various reasons such as poor performance, misconduct, or organizational changes.

Indirect Communications

A communication style where messages are conveyed through implication or suggestion rather than direct statements.

Negotiator's Opinions

The personal beliefs or views held by a negotiator that influence their approach and decisions in negotiation.