For which type of planning do we require current projected income and expenses?
A)Income tax planning.
B)Cash flow planning.
C)Estate planning.
D)Specialized planning.
E)None of the above.

Question

Quizplus · Accepted Answer

Current projected income and expenses are required for cash flow planning, which involves managing and forecasting cash inflows and outflows to ensure that a person or organization has enough funds to cover its expenses and meet its financial goals. Income tax planning involves strategies to minimize tax liabilities, estate planning involves planning and managing assets to ensure a smooth transfer of wealth to heirs, and specialized planning may refer to specific types of financial planning, such as retirement planning or investment planning. None of these types of planning necessarily require current projected income and expenses as a primary consideration.

For Which Type of Planning Do We Require Current Projected