What is the core purpose of buying insurance?
A) Protect your wealth and assets
B) Make sure you make money on any claim
C) Insurance is an expense a careful investor needs to minimize
D) Make sure you leave an estate when you are gone
Answer: A
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Direct interaction with government officials or staff through meetings, phone calls, or e-mails is known as:
A. background lobbying. B. grassroots lobbying. C. media lobbying. D. contact lobbying.
Daniel has purchased an 18-unit apartment building. If he reports his income on a cash basis, he can deduct all of the following on his next income tax return, except:
A: Loss of rental because of vacancies suffered by two units; B: The cost of redecorating two vacant units; C: Interest payments on the second trust deed; D: Depreciation when the value of the property has increased.