1. Capital budgeting analysis is based on

A. the discounted cash flows incremental to a project.

B. the additional income generated from the sales of a newly added project.

C. the expected profits generated by a project's sales and costs.

D. all incremental and allocated costs assigned to a project.

E. all past and future expenditures related to a proposed project.

2. The Federal Tax Cut and Jobs Act of 2017 that was signed into law on December 22, 2017 enables 529 plan owners to withdraw assets to pay for K-12 tuitions up to $10,000 per year beginning in 2018. These withdrawals will have no federal tax impact. The indivudal will not be taked on the plan earnings if used to fund K-12 education within the laws limits.

True or False?

3. Life insurance helps bridge the gap between the financial needs of your dependents and the amount available from other sources, is the amount to be provided by life insurance.

True or False?

4. Life insurance provides a generally income tax-free lump sum of money for your survivors in the event of your death. The appropriate amount of insurance depends only depends on your age.

True or False?