1. How much must you invest today at 8% interest in order to see your investment grow to $15,000.00 in 10 years?
$7,620.00
$7,500.00
$6,945.00
$6,330.00
2. Which of the following gross income is not taxable income?
health insurance reimbursements
interest income
dividends
tips received
3. An allowable amount which taxpayers can claim for themselves and dependents is called a(n. __________ .
deduction
exemption
exclusion
allowance