Use the Information for the Question(s) Below

question 96

Multiple Choice

Use the information for the question(s) below.
-Which of the following best describes a bond rated by Standard & Poor's and Moody as B?

• A) judged to be high quality by all standards
• B) considered to be medium grade obligations
• C) neither highly protected nor poorly secured
• D) generally lacks the characteristics of a desirable investment

---

Definitions:

Tax-sheltered Retirement Plans

Retirement savings plans that provide tax advantages to the saver, often by allowing pre-tax contributions or tax-free growth.

Tax Bill

The total amount of tax owed by an individual or corporation to a taxing authority, after all deductions, credits, and exemptions.

Take-home Pay

The amount of income left after deductions such as taxes and social security contributions have been subtracted from an individual's gross salary.

Taxes Combined

A calculation that aggregates all applicable taxes (federal, state, local) on an individual or entity's income.