Martha will be entering high school in a couple of years. which steps should she take to ensure she has money to pay for college? check all that apply. she should start or add to a college savings account so it can grow with deposits and earned interest. she should ask her parents if they have a college savings account set up for her. she should work to maintain high grades throughout school so she can qualify for scholarships. she should get involved in extracurricular activities like clubs and sports so she can discover what she enjoys and qualify for scholarships. she should fill out the fafsa immediately so she does not miss grants or scholarships she qualifies for. she should ask all her friends and neighbors to contribute to her college savings account so it will grow faster.

Alyssa works for an engineering firm that has been hired to design and supervise the construction of a highway bridge over a major river. the bridge will be a unique design, incorporating complex designs that will likely never be duplicated. how should alyssa deal with designing and overseeing the building of the bridge?

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?