For most tax payers, their average tax rate is lower than their marginal tax rate

Office manager Gus has spent all his annual money for paper towels, so he requests that until the end of the budget cycle, employees bring their own paper towels to the office. What type of budget does Gus most likely have?

a. pro-forma b. master c. flexible d. fixed

Under what conditions should people hire a professional financial planner?

A) When they need someone to improve or validate the plan they prepared themselves B) When they start receiving late payment penalties from their creditors C) When it is apparent their financial planning skills are limited D) When they run into complex tax or legal issues E) All of the above