Once Ira and Penny Achieved a More Solid Financial Foundation

question 180

Multiple Choice

Once Ira and Penny achieved a more solid financial foundation, they began to consider the purchase of a home. From a financial standpoint, a sound strategy for them to consider would be to

• A) buy a large house in a modest neighborhood.
• B) buy a house in one of the best areas of town, even if they can afford only a relatively small house.
• C) buy a house that will minimize their total real estate taxes.
• D) make sure that their house payments are less than the rent they were paying on their old apartment.

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Definitions:

Copay

A fixed amount paid by a patient for a healthcare service at the time of the service, as part of an insurance policy's terms.

Tax Identification Number

A unique identifier assigned to individuals, businesses, and other entities for tax reporting and filing purposes.

Manual Claims Tracking

A system or process where insurance or medical claims are tracked by hand or using non-automated tools.

Medically Necessary

Refers to health care services or supplies needed to diagnose or treat an illness, injury, condition, disease, or its symptoms, and that meet accepted standards of medicine.