Question

Alyssa and Sally are twin sisters who are equally bright. Both have received excellent business educations. Alyssa became the vice president of a large company and now, at the age of 60, makes $200,000 a year. Sally started her own successful company which makes a profit of $200,000. If both have equal savings and money put aside for retirement, who is likely to be wealthier?

Answer 1

Answer:

Sally is likely to be wealthier

Explanation:

There are too many reasons for this. For starters, even if Sally and Alyssa have equal savings and money put aside, Sally will have shares of her company which are also assets. Sally can also use her firm in order to charge her personal expenses which will result in tax benefits for Sally.