Suzy2014,
I can offer the following comments on your newest post:
1. Have the Apple ID, WIFI info, the iPhone and TM backup drive handy
You shouldn't need your iPhone handy during the setup/migration from your old Mac. (Might be handy to have, though, should you get "stuck" on something, as you could use it to call AppleCare for a (semi) quick answer.)
I assume that the following adapter would be appropriate (Syntech USB C to USB Adapter ; USB C to USB3.0 Female Adapter | Compatible with iPhone 15 MacBook Pro Air, other Type C or Thunderbolt Devices)
From what I could tell on Amazon, this adaptor should work just fine to connect your external Time Machine backup drive.
5. Launch Migration Assistant (MA) which is located in Applications - Utilities
Follow instructions at: Restore your Mac - Apple Support
You shouldn't have to launch Migration Assistant. It should pop up on its own.
5.1. DO I SELECT SYSTEM AND NETWORK TO TRANSFER?
Yes, I would select those.
5.2. I HAVE A TEST AND A GUEST ACCOUNT ON MY OLD MAC. WILL THEY BE AUTOMATICALLY TRANSFERRED? I ASSUME MY OWN ACCOUNT WILL BE TRANSFERRED “AS IS”.
I believe the test and Guest accounts will appear as selections to migrate. If they're not needed, there's no need to select them, though. And yes, your own account will be transferred "as is". I should note here that, at some point, your new Mac will ask you to enter a password. It's up to you whether you want a new password, or use the same password you'd been using on your old Mac.
7. Update printer and scanner drivers as needed
This may not be needed. (See my comments further down to your point 8.4).
8.1 DID ANYONE INSTALL AFTER SUCH A TRANSFER TO A NEW MAC WITH A NEW OS THE MS OFFICE 365 APPS ? If so, have you encountered any issues?
I had no issues installing Microsoft 365 on my MacBook Air. You'll need to log in to your Microsoft office account the first time you launch one of the apps, but that's about it from what I recall.
8.2 DID ANYONE INSTALL AFTER SUCH A TRANSFER FIREFOX? If so, do I understand correctly that MA transfers bookmarks and all other settings and that this didn’t cause any issues?
Someone else will have to answer this one, as I transferred all applications when I migrated because most of them were Universal apps that run on either Intel or Apple Silicon Macs. So I don't know on this one.
8.3 I assume that there is no way to select some 3rd party application to transfer with MA, to avoid having to re-install and configure everything.
Unfortunately, transferring applications is either all or none.
8.4 I was told that Airprint will be on the new iMac. If so, do I have to do anything when I want to print something (still download a driver, setup Airprint, etc.)?
If your current Mac connects to your printer wirelessly, your current Mac probably has AirPrint, too. Before trying to print anything on your new Mac, it's wise to check your printer to make sure it's connected to your WiFi network, though. I believe your printer will be migrated to your new Mac (but it's been a while now, and I can't remember what I had for breakfast this morning😄). AirPrint isn't something you actually have to set up...it's a communication protocol that's supported by most printers in the last few years.
Hopefully, others here will be able to verify what I've commented on here.
Do you have a timetable for purchasing your new iMac? If not, please make sure its internal storage is at least as much as your current iMac...I've seen a few questions lately from folks migrating to a new Mac that has a smaller internal storage than their old Mac...and it makes things a bit more complicated.