This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why is it important to understand how taxes impact your personal financial planning? (Read 165 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
on: Apr 12, 2019

Why is it important to understand how taxes impact your personal financial planning?


◦ Taxes paid reduce your net income and cash flow available to save as well as the returns on your investments.
◦ Not paying taxes can result in penalties and jail time.
◦ It is not that important since savings are not taxable.
◦ It is only important if you are in a 25%+ tax bracket.
Personal Finance ¦ Madura ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by roselinechinyere27m on Apr 12, 2019

firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Apr 12, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Apr 12, 2019
TY


firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Apr 12, 2019
You're welcome


« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
A typical battery-powered 3/8 inch drive impact wrench. A typical battery-powered 3/8 inch drive impact wrench.
A black impact socket. Always use an impact-type socket whenever using an impact wrench to avoid ... A black impact socket. Always use an impact-type socket whenever using an impact wrench to avoid ...
Calculation of the Value of Depletion for the 14 Most Important Minerals Calculation of the Value of Depletion for the 14 Most Important Minerals
Red, fleshy fruits of hawthorn plants (Crataegus) are an important food for cedar waxwings (Bombycil Red, fleshy fruits of hawthorn plants (Crataegus) are an important food for cedar waxwings (Bombycil
My dad is important to me My dad is important to me
Video: Elementary kinetics

For a complete list of videos, visit our video library