Answer: By definition, generational wealth represents assets passed down from one generation to the next. If you can leave behind a notable inheritance to your descendants, that constitutes generational wealth. These assets can include real estate, stock market investments, a business, or anything else which contains monetary value.
People who inherit generational wealth have a significant financial advantage over those who do not. They likely have the ability to avoid student loans as well as other types of costly debt. Instead, their inheritance could go towards income-generating investments, assets which appreciate in value, or even towards purchasing their first home.
Explanation: To generate wealth you can pass on, you need to acquire assets or save money you won’t need to spend in retirement. You then pass down the money and assets to children or other younger relatives.
While the concept is simple, unless you had wealth passed down to you, accumulating extra assets can be slow. Fortunately, it’s entirely possible if you are strategic with your finances. These four strategies are the most accessible paths toward building generational wealth.
Answer: The best example of an operant conditioning is option D. Puckering up after tasting a dill pickle.
Explanation: operant conditioning is type of learning in which the desire and the frequency of a behavior depends on the consequences that follows the behavior. Therefore a behaviour that attracts rewarding and beneficial consequences will occur more, than a behaviour that attracts punishment and regrets.
To pucker up after testing a dill pickle means that the dill pickle was favourable and gives a sweet taste. That means a reward was gotten from tasting a dill pickle, this will increase the likelihood of that behaviour to occur, that means the individual will always want to taste a dill pickle.
In this example, Pickering up is the consequences, while tasting a dill pickle is the behavior.
Senators serve 6 years terms and elections over Senate are staggered over even years. So only one third of senate is up for reelection.
<u>Alimony received</u> would be considered taxable income.
<u>Explanation</u>:
Taxable income is defined as the amount taken into account for computing tax for the person or organization. This is the amount an individual or a company owes to the government in a given tax year.
A tax is an amount that is charged on a person or organization to contribute to state revenue. It is responsibility of the citizen to pay their taxes on time.
From the given choices: <u>alimony received is the taxable income</u>. Alimony is the legal obligation for financial support made by a person to their spouse after getting divorce.
