Income, Taxes, & Financial Institutions (Review, Unit 2)

The following services are offered by which financial institutions? Choose the BEST answer.

-Mortgage loans

-Savings accounts

-Safe deposit boxes

• Loan Companies

• Investment Firms

• Commercial Banks

• Insurance Companies

The following services are offered by which financial institutions? Choose the BEST answer.

-Mortgage loans

-Auto loans

-Title pawning

-Credit consolidation loans

• Commercial Banks

• Investment Firms

• Insurance companies

• Loan companies

These services are offered by which financial institution listed below? Choose the BEST answer.

-Life insurance

-Home insurance

-Auto insurance

-Disability insurance

etc.

• Loan companies

• Investment firms

• Commercial banks

• Insurance companies

These services are offered by which financial institution from the list below? Choose the BEST answer:

-401k management

-Retirement services

-IRA management

etc.

• Investment firms

• Insurance companies

• Commercial banks

• Insurance companies

The following list represents which source of income from our notes?

-401k revenue/profit

-IRA revenue/profit

-investment portfolio gains

-investment portfolio dividends

• Earned income

• Portfolio income

• Passive income

The following list represents which source of income from our notes?

Teacher salary

Bank manager salary

Walmart employee wages

Apple employee wages

Google manager salary

• Passive income

• Earned income

• Portfolio income

The following list represents which source of income from our notes?

Mary Kay income

Rodan + Fields income

Rental property income

• Earned income

• Passive income

• Portfolio income

Which TAX FORM from our notes included these facts:

-Completed by YOU

-Used to determine your withholdings/deductions

-Affects your pay listed on your paystub

• W4 form

• W2 form

• I9 requirements

• 1040 EZ

Which TAX FORM from our notes included these facts:

-Completed by your employer

-A summary of "what you made & what you paid"

-USE THIS TO FILE YOUR TAXES (must have it)

• W4 form

• W2 form

• I9 requirements

• 1040 EZ

On our Personal Finance SIM, Paying your taxes, which of the following forms did we use in order to file our taxes?

(vb.knowledgematters.com)

• W4, W4, I9

• W2, 1099's, 1040EZ

• W4, I9, 1040EZ

• None of the above