Independent Living Quiz

The annual wage and tax report from your employer 

• W-4
• Form 1040 EZ
• W-2
• Form 1040

The deadline to file your annual tax return

• March 15
• April 30
• April 15
• March 30

Agency responsible for collecting federal taxes

• FTC
• OSHA
• CPSC
• IRS

Budgeting is crucial to your financial success.

• True
• False

If an expense can NOT be removed from your budget to save money, it is considered a _____.

• Income

• Want

• Need

• Savings

Preparing a budget includes

• Income, Expenses, Saving
• Only listing your expenses
• Only listing your debts
• Only listing your income

A vacation is an example of a _________

• need
• want

It is smart NOT to save monthly for a yearly vacation.

• False

• True

What's one of the first rules of managing your money well?

• Make a lot of money so you'll have more to spend.

• Pay yourself first.

• Pay your bills after you buy what you want.

How much money should you save each month?

• 10% of your income

• 1% of your income

• 300% of your income

• None of your income