The following practice is illegal:
a. keep the sellers secret that he/she is getting a divorce.
b. refuse to disclose the religion of the seller.
c. keep the sellers secret that the roof leaks.
d. refuse to disclose the race of a prospect.
Answer: c. keep the sellers secret that the roof leaks.
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Which of the following statements regarding the funding of Social Security is false?
A) In 2010, workers contributed 6.2% of their wages up to a maximum of $106,800. B) Employers contribute an amount equal to the workers' contributions. C) Interest, dividend, rent, and royalty income are also taxed to provide supplemental funds for Social Security. D) Contributions exceeding the amounts paid to current Social Security recipients are invested in Treasury bonds to build up a Social Security trust fund.
Refer to Table 3.1 above. How much will you have if you deposit $1,000 today in an account paying 7% and you leave it on deposit for 5 years?
A) $1,403 B) $713 C) $5,751 D) $4,100