taxes, saving and investing, insurance, and budgeting

Which of the following are considered variable expenses? (You can choose more than one.)

• Magazine subscription

• Electricity

• Insurance coverage

• Clothing

• Recreation and vacation

Someone who relies on someone else for income and care

• beneficiary
• claim
• deductible
• dependent

Who primarily uses our tax money? (hint: choose 2 correct answers)

• Your employer

• The state government

• The Federal government

• Local Businesses

Which is TRUE if you do not pay your taxes?

• You owe twice as much the following year

• You're more likely to be approved for low interest loans

• You cannot go to jail (but you will be heavily fined)

• Your credit score may be impacted

Gas

• Fixed Expense
• Variable Expense

Car Insurance

• Fixed Expense
• Variable Expense

What is a income tax?

• Money you make from your income

• A income tax is a tax on earnings from wages, tips, salaries, interest and rents.

• All taxes put together

• somthing that helps you make money

Jason filed his 2021 tax return and owes money. If he doesn't want to pay a fee, when should he pay this amount by?

• April 18th

• October 15th

• December 31st

• January 1st of the next year

True or False: All wages, tips, and bonuses are taxable unless specifically excluded.

• True

• False

A savings account should be used for daily purchases

• True
• False