David lives in the country of Snowland. He has:

• a part-time job with one employer earning a gross salary of $30,000 per year;
• a casual job with a different employer earning a gross salary of $8,000 per year;
• $13,000 in a 1 year term deposit that will earn interest at the rate of 5% per year; and
• work-related expenses of $3,000 per year that are an allowable deduction.

What is his assessable income (to the nearest dollar)? Please do not include dollar signs or commas in your answer.

You would like to buy a car which will cost $13,000 including registration and insurance. You have not saved any money and so will need to borrow the entire amount as a personal loan. The interest rate on the loan is 0.5% per month (compounded monthly). You plan to pay off the loan in monthly instalments over 8 years with the first loan payment to take place in exactly one month. As such, the personal loan payments can be calculated using the same method used in the course material. Calculate your monthly loan repayments (to the nearest dollar). Please do not include dollar signs or commas in your answer.

You would like to buy an apartment and can afford loan repayments of $4,000 per month with the first payment to be made in exactly one month. The loan will be an ordinary principal and interest style home loan with a loan term of 25 years. The interest rate is 0.5% per month (compounded monthly). How much are you able to borrow today to buy your apartment (to the nearest dollar)? Please do not include dollar signs or commas in your answer.

Which of the following statements about the process of buying a property in Sydney according to the material covered in the lecture are TRUE:

1. Settlement occurs when you agree on a price with the seller of a property and pay a 10% deposit. Exchange of contracts occurs later and is when the remaining 90% is paid (including costs and any applicable stamp duty).
2. Making a final inspection of a property immediately before the settlement is an important step to make sure that the property is in the expected condition. If the property has been damaged by tenants, the buyer could ask for the settlement to be delayed until the seller repairs the damage.

Which of the following statements about ‘Choosing a Career’ based on all the lecture material for this Unit on ‘Career Strategy’ are TRUE:

1. The concept of ‘fit’ covered in the lecture material focuses mainly on choosing a career that fits well with your personal values, intelligences, personality, skills and preferred work styles.
2. The degree that a student chooses to study at university does not necessarily lock them into one possible career path over the course of their working lives. Many career paths are often possible.

Which of the following statements about ‘Understanding Yourself’ based on the material covered in the lecture are TRUE:

1. Extroverts love spending time with people while introverts tend to be anti-social.
2. There is a clear positive relationship between all five of the ‘Big Five’ personality traits and workplace performance.

Which of the following statements is LEAST consistent with the elements of ‘Emotional Intelligence’ based on the material covered in the lecture:

Which of the following Schwartz Basic Values is LEAST consistent with the fiduciary responsibilities of a Financial Adviser based on the lecture content:

Which of the following statements about ‘Structural Change’ based on the material covered in the lecture are TRUE:

1. Cyclical unemployment occurs due to total economic activity shrinking. Structural unemployment occurs due to the changing composition of the economy (some industries shrinking while other industries may be expanding).
2. According to the lectures, the Global Pandemic of 2020-21 increased the rate of adoption of digital services and communication technologies. Moving more business activities into the digital domain can make it easier to automate those activities. It also can make it easier to replace expensive local labour with relatively less expensive foreign labour.

A Neo-Keynesian economist is LEAST likely to believe that: