A Saver Who Chooses Securities as a Savings Medium and Desires

question 92

Multiple Choice

A saver who chooses securities as a savings medium and desires maximum growth of principal buys:

• A)public utility stocks
• B)corporate stocks
• C)high-grade corporate bonds
• D)government bonds

---

Definitions:

FUTA Tax

Federal Unemployment Tax Act tax, used to fund state workforce agencies.

Timely Deposits

The IRS requirement that taxpayers must deposit certain types of taxes (e.g., payroll taxes) by specific deadlines to avoid penalties.

Form W-2

An IRS form used by employers to report annual wage and salary information for employees along with the amount of taxes withheld from their paychecks.

Social Security Administration

A U.S. government agency that administers social security, a social insurance program consisting of retirement, disability, and survivors benefits.