TOEIC: Accounts & Taxes

That money has been set ____ for the office's annual outing.

• beside

• down

• off

• aside

Please find _____a copy of our annual report.

• enclose

• enclosed

• enclosure

• enclosing

Who is ______if the audit identifies a discrepancy?

• account

• accounting

• accountant

• accountable

The accountants have several powerful software tools at their _____.

• dispose

• disposal

• disposed

• disposition

To calculate your net income, first _____your contributions from your gross income.

• deduce

• deduct

• deduction

• deductible

The _____of late fines now exceeds $500 and must be resolved before you order again.

• accrue

• accrual

• accrued

• accruing

Please make your check _____to the Internal Revenue Service.

• payer

• payee

• payable

• payroll

If your accountant receives the amount _____by Friday, no penalty will be incurred.

• owe

• owned

• owner

• owing

Our profits were _____affected by a new competitor which opened in January.

• adverse

• adversary

• adversely

• adversarial

Could you break your monthly expenses ____?

• up

• down

• off

• on