1) The default rate on high-quality bonds is slightly over 5 percent.
2) After mailing off a cover letter, you should wait at least a month before you contact
the employer.
3) Full warranties are valid for the life of the product.
4) The grantor is the person designated to control and manage any assets in a trust.
5) Juan Gonzales traded a rental house he had purchased for $100,000 six years ago to
Randy Smith for a rental house worth $125,000. Juan will have to pay taxes this year on
$25,000 capital gain.
6) When a customer uses a debit card to pay for a purchase, funds will be charged to his
or her credit card.
7) Employees of small firms are more likely to be covered by pension plans than
employees of large firms.
8) Job seekers should focus primarily on salary as employee benefits are not a major
contributor to overall compensation.
9) A spouse can always disinherit a spouse.