Which of the Following Is Classified as an Additional Living

question 10

Multiple Choice

Which of the following is classified as an additional living expense?

• A) student loan debt service
• B) life insurance
• C) income tax
• D) vacations

---

Definitions:

Partnership Agreement

A legal document that outlines the rights, responsibilities, and other operational details among partners in a business venture.

Minor Partner

A partner in a business who has not reached the age of majority, limiting their legal capacity and liabilities within the partnership.

UPA

Acronym for Uniform Partnership Act, which is legislation aimed at governing the operation and management of partnerships in the United States.

Fiduciary Duty

A duty under the law for one entity to prioritize the welfare of another when managing their money or assets.