An Easy Way to Determine What Percentage of Your Assets

question 139

True/False

An easy way to determine what percentage of your assets should be invested in growth investments is to take your age and subtract it from 80.

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Definitions:

FICA-OASDI

The portion of the Federal Insurance Contributions Act tax that funds the Social Security program, covering retirement, disability, and survivors' benefits.

Payroll Taxes

Taxes imposed on employers and employees, based on the wages the employer pays to the employees.

Hours

Units of time equal to 60 minutes, often used to measure work or billing time in various contexts.