When michael is born, four uncles decide to save money for his future in different ways: uncle a: he deposits $50 on michael's first birthday, and every subsequent birthday. uncle b: he deposits $15 on michael's first birthday, and every subsequent birthday he deposits $5 more than the previous year. uncle c: he deposits $40 on michael's first birthday, and every subsequent birthday he deposits 5% more than the previous year. uncle d: at michael's birth he deposits $300 in a savings account which offers 2.7% interest compounded quarterly. by the time michael is 21 years old, which uncle has saved the most money for him?

Carlos would like to start saving for his son’s college expenses. which type of savings account should carlos open? ida money market 529 plan basic savings account

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.