Taxes, Budgets, Percent Problems

The amount of money paid the the U.S. government for your income tax is called

• 1040

• Federal Tax Withheld

• Standard Deduction

• W-2

The tax form used for filing your federal income tax return

• 1040

• Federal Tax Withheld

• Standard Deduction

• W-2

This tax form contains important information needed to file your taxes.

• 1040

• Federal Tax Withheld

• Standard Deduction

• W-2

The amount taken off your income to account for things like expenses and mortgage interest.

• 1040

• Federal Tax Withheld

• Standard Deduction

• W-2

Which of the following is an example of a fixed expense?

• Clothing

• Car Repair

• Groceries

• Rent

Which of the following is an example of a variable expense?

• Clothing

• Car Payment

• Internet

• Rent

Which of the following is an example of a fixed expense?

• Car Payment

• Entertainment

• Groceries

• Gas for car

Which of the following is an example of a variable expense?

• Car Payment

• Entertainment

• Reny

• Internet

Which item is often the last budgeted but very important?

• Cell Phone

• Entertainment

• Saving

• Clothing

A Chicago Cubs baseball cap costs $30.  Michael has a coupon that will save him 30% of the  price. How much money will Michael pay for the cap?

• $9.00
• $22.00
• $21.36
• $21.00