You are considering obtaining a mortgage of $220,000. A lower APR is available, but you must pay 2 points to buy the rate down. How much must you pay in dollars?

Which of the following situations describes a disclosure of tax return information by a tax return preparer that would subject the preparer to a penalty?

A. A grandfather's tax information is made available to his granddaughter to inform her that she will be claimed as a dependent on the grandfather's return. B. An employee of the tax return preparer makes corporate return information available to shareholders. C. After a client files for bankruptcy, the tax return preparer provides a copy of the last return filed to the court-appointed fiduciary without written permission. D. None of the answers are correct.

Which of the following statements is most likely true about products and product knowledge?

A) Knowledge of a company's history is essential to selling that company's product. B) Product knowledge is not as important as selling technique for a professional salesperson. C) Knowledge of one's product or service is not important in all areas of professional selling. D) The extensive variety of available products in the market complicates the buying process. E) Salespeople who learn and impart too much product knowledge hinder the buying process.