Which of the Following Is a Tip from Retirement Specialists

question 109

Multiple Choice

Which of the following is a tip from retirement specialists on how to uncover hidden taxes and other costs of a retirement area?

• A)Contact the local Chamber of Commerce to get an economic profile.
• B)Contact the state's tax department to find out state income, sales, and inheritance taxes.
• C)Call a local CPA to find out which taxes are rising.
• D)Rent for a while instead of buying immediately.
• E)Retirement specialists recommend all of these actions to uncover hidden taxes and costs.

---

Definitions:

Merchandise

Goods that are purchased, stored, and then sold by retailers or wholesalers, typically in the context of inventory for sale.

Cash Disbursements

Payments made by a business in cash, including expenses, debt payments, and distributions to shareholders.

Cost of Goods Sold

Represents the direct costs attributable to the production of the goods sold in a company, including the cost of the materials and labor directly used to create the product.

Receivables

Debts that customers have towards a firm for items or services that have been received or employed, yet remain unpaid.