Sales tax

Income tax

Property tax

Value-added tax

To manage debt

To save for retirement

To invest in stocks and bonds

All of the above

Stocks

Bonds

Mutual funds

Real estate

Roth IRAs are funded with after-tax dollars, while traditional IRAs are funded with pre-tax dollars.

Roth IRAs have no income limits, while traditional IRAs have income limits.

Roth IRAs allow for tax-free withdrawals in retirement, while traditional IRAs do not.

All of the above

0%

15%

20%

25%

To reduce taxable income

To increase taxable income

To defer taxable income

None of the above

To reduce taxable income

To increase taxable income

To defer taxable income

To directly reduce taxes owed

A tax bracket is the range of taxable income that is subject to a particular tax rate.

A tax rate is the percentage of taxable income that is owed in taxes.

Both of the above

None of the above

To help individuals and families manage their finances

To provide investment advice

To help individuals and families plan for retirement

All of the above

Stocks represent ownership in a company, while bonds are a loan to a company.

Stocks provide regular income, while bonds do not.

Stocks are more risky than bonds.

All of the above

To pool money from many investors to invest in a variety of stocks, bonds, and other assets.

To provide diversification

To reduce risk

All of the above

401(k) plans are offered by private companies, while 403(b) plans are offered by public schools and certain other tax-exempt organizations.

401(k) plans have higher contribution limits than 403(b) plans.

401(k) plans allow for Roth contributions, while 403(b) plans do not.

None of the above

To save for education expenses

To provide tax-free withdrawals for education expenses

To allow for tax-free contributions

All of the above

A will distributes assets after death, while a trust distributes assets during life.

A will is a public document, while a trust is a private document.

A will can be changed at any time, while a trust cannot.

None of the above

To distribute assets after death

To minimize estate taxes

To provide for the care of minor children

All of the above