3
QuizMultiple Choice

Taxes

Question 3 • * HSA 26-27 Economics

Read the scenario.Raoul has just been promoted to a supervisor’s position, which is a steady job. He likes to enjoy life, take vacations, and change things up every now and then. That’s why he will not have a lot of extra money to spend on repairs and maintenance on his car.

Answer
A
buy a used car.
B
lease a used car.
C
buy a new car.
D
lease a new car.

Explanation

Raoul has a steady job, so he can likely manage the regular payments required by a lease. Leasing a new car also means he can change cars every few years and usually has fewer repair and maintenance costs than owning an older used car. Therefore, leasing a new car best fits his preferences and limited extra money for car upkeep.

AI-written and checked against the verified answer.

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