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