Which of the following is identified as a 501(c)(3)? (1 point) Responses a private school a private school a lobbying firm a lobbying firm a company that donates its profits but has unrelated business income a company that donates its profits but has unrelated business income a private foundation a private foundation
Prior to the CARES Act, up to what percentage of your income could be deducted as a donation to charity? (1 point) Responses 70% 60% 100% 80%
Prior to the CARES Act, the maximum percentage of income that could be deducted as a donation to charity was 60%.
What is the savings in a bank referred to as? (1 point) Responses A pile of money under your mattress A pile of money under your mattress A real estate property A real estate property A luxury car A luxury car An interest bearing savings account
An interest bearing savings account.
Which option is an investment with compound interest?(1 point) Responses a checking account a checking account a rental property a rental property a mutual fund following the S&P 500 a mutual fund following the S&P 500 a savings account
A savings account.
Which of these is considered a financial market?(1 point) Responses Sotheby’s auction Sotheby’s auction New York Stock Exchange New York Stock Exchange J.P. Morgan Chase J.P. Morgan Chase Ferrari dealership
New York Stock Exchange
Which of the following is not a characteristic of a typical bank savings account?(1 point) Responses savings are easily accessible for the customer savings are easily accessible for the customer a high interest rate a high interest rate no restrictions on money withdrawals or deposits no restrictions on money withdrawals or deposits an average of 0.05% interest with no other restrictions
