Money Matters Final Fall 25 Review

Employees who receive Form 1099 is responsible for paying sales and property taxes based on their income.​

• True

• False

_________ is known as “tax day.”.  

• June 15

• Sept 15

• April 15

• Oct 15

Which is an example of a fixed expense?

• Rent

• Gas

• Electric Bill

• Car maintenance

S.M.A.R.T. goals stand for specific, measurable, achievable, relevant and time bound goals.

• True

• False

Which is an example of a variable expense?

• Car Payment

• Mortgage payment

• Groceries

• Cell phone bill

A W2 is what your employer gives you at the end of January so you can file your taxes.

• True

• False

A W4 is a form you fill out when you start a job to determine how much to withhold from your checks for taxes.

• True

• False

What is the image you see here?

• Form 1099

• Form W2

• Form 1040

• Form W4

"I will save $100 every week for the next 3 months to buy a car next year" is an example of a SMART Goal.

• True

• False

An amount of money you've set aside in case of an emergency is called financial reserve. 

• True

• False