Taylor Has the Following Assets and Liabilities Suppose That Taylor Receives a $10,000 Bonus from Her Employer

question 124

Multiple Choice

Taylor has the following assets and liabilities: $$\begin{array} { l | r } \text { Two cars } & \$ 15,000 \\\text { House } & \$ 400,000 \\\text { Mortgage } & \$ 300,000 \\\hline \text { Cash } & \$ 1,000 \\\text { Car loars } & \$ 5,000 \\\hline \text { Checkire accourtbalarce } & \$ 3,000 \\\text { Credit card balarce } & \$ 3,000\end{array}$$  
Suppose that Taylor receives a $10,000 bonus from her employer. If she puts that money toward her mortgage, her wealth would ________; if she puts that money in her checking account, her wealth would ________.

• A)increase to $121,000; decrease to $101,000
• B)increase to $115,000; decrease to $95,000
• C)increase to $121,000; increase to $121,000
• D)increase to $115,000; increase to $115,000

---

Definitions:

Genetic Component

The genetic component refers to traits or conditions that are influenced by genes inherited from one's parents, contributing to individual differences in behavior, appearance, and health.

Wechsler Adolescent Intelligence Measure

This refers to a set of standardized tests designed to measure intelligence and cognitive ability in adolescents.

Wechsler Tests

A set of standardized tests used to measure intelligence and cognitive ability in both children and adults.

Flynn Effect

The observed rise over time in standardized intelligence test scores, theorized to be caused by various factors like improved nutrition, education, and test-taking strategies among populations.