1. When we talked about asset allocation for your retirement investments Doc threw out some generally accepted guidelines on what percent of your funds should be invested in international funds, real estate funds, and precious metals. Which of the following reflects Doc's guidelines?
A. Maximum of 10% international, 10% real estate, and 3% precious metals
B. Maximum of 25% international, 15% real estate, and 15% precious metals
C. Minimum of 20% international, 15% real estate, and 10% precious metals
D. Minimum of 15% international, 5% real estate, and 10% precious metals
2. Toby just accepted a job offer that pays a gross annual salary of $50,000. Using Alex’s rule of thumb, what is a good estimate of Toby’s take-home pay?
A. $12,500 B. $37,500 C. $50,000 D. $10,000