Things that add comfort and pleasure to your life are ____.

Fill in the blank(s) with the appropriate word(s).

Ans: Wants

Business

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_____ occurs when other's expectations exceed one's ability.

Fill in the blank(s) with the appropriate word(s).

Business

Based on Samuel's completed tax return, what advice would you give him to lower his tax liability for 2015?

Samuel Ahn recently graduated from college and started working in a promising career field. He has a little money invested in a stock that pays no dividends. He lives in an apartment, is single, and has no dependents. He has a $22,000 student loan balance and he paid $800 interest in 2014. He is considering going back to school part-time for some additional computer classes. He does not have a personal IRA, and he contributed 2 percent of his $39,500 salary to his employer's 401(k) plan in 2014. As he completes his tax return for 2014, use the information above and below to help him answer the following questions. Standard deduction for 2014: $6,200 Personal exemption for 2014: $3,950 Tax brackets for 2014: Taxable income range Tax rate Up to $9,075 10 percent More than $9,075 but under $36,900 15 percent More than $36,900 but under $89,350 25 percent A) He should take the computer classes in 2015. B) He should sell his stock. C) He should increase his contributions to the 401(k) plan at work. D) He should get a roommate and claim him as a dependant. E) Both A and C are good advice.

Business