PFL & Eco Final Exam Part #2 (2024 Version)

Front

The tax on the purchase of goods or services is called_____

Back

Consumption tax

Front

What does the Form-40 estimate?

Back

How much tax you'll owe based on your personal situation.

Front

When you buy clothes or check out at the grocery store, you will pay_____

Back

Sales tax

Front

When someone says they need to file their taxes, they're talking about filling out a_____?

Back

Federal tax return

Front

The deadline for filing your income tax return usually falls on_____

Back

April 15

Front

Always keep your filed taxes for at least three years in case the IRS decides to _____ your tax return.

Back

Audit

Front

Many high schoolers get so caught in the idea of the college experience that they don't think critically about _____?

Back

How their college choice will affect their financial future

Front

Ask yourself, "Do I need this _____ for my _____?" before you start applying to schools.

Back

Degree; career

Front

What's a better question to ask instead of, "Where do I want to go to college?"

Back

What do I want to do for a career?

Front

It takes the average person_____to pay off their student loan debt.

Back

20 years