Which of the Following Are Advantages of Saving Your Money

question 263

Multiple Choice

Which of the following are advantages of saving your money in a mutual fund?
I. You have professional fund management.
II. Mutual funds have always outperformed the S&P 500.
III. People with smaller amounts of money can diversify risk.

• A) I only
• B) I and II only
• C) I and III only
• D) I, II, and III

Understand how to calculate FICA tax obligations for both employees and employers.

Calculate federal income tax withholdings using different methods and tables.

Identify and calculate employer obligations for federal unemployment tax act (FUTA) and state unemployment tax act (SUTA).

Determine the reporting requirements and deadlines for various payroll taxes and withholdings.

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Definitions:

Self-concept

Self-concept is an individual's perception of themselves, including beliefs about one’s abilities, appearance, and personality.

Intrapsychic Development

Psychological development and processes occurring within the mind or psyche, often related to the formation of the self and identity.

Individualistic Orientation

A cultural or personal perspective that emphasizes personal goals, autonomy, and self-reliance over collective goals or group identities.

Autonomy

The capacity to make an informed, uncoerced decision, often related to the concept of independence or self-determination.