Which of the Following Would Be Considered Smart Financial Planning

question 110

Multiple Choice

Which of the following would be considered smart financial planning?

• A)Turn all your income tax planning over to someone else.
• B)Withhold too much income in order to receive a refund next year.
• C)Ignore the impact of income taxes in your personal financial planning.
• D)Contribute to your employer-sponsored 401(k) retirement plan at least up to the amount of the employer's matching contribution.

---

Definitions:

Administration

In a legal context, it refers to the management and settlement of an estate of a deceased person by an appointed administrator.

Bankruptcy Code

The collection of federal laws and regulations that govern the process of bankruptcy in the United States, as codified under Title 11 of the U.S. Code.

United States Code

The codification by subject matter of the general and permanent laws of the United States, organized into a comprehensive code.

Titles

Legal documents or designations that signify ownership of property or assets.