WorksheetsFinance and Taxes
Total questions: 20
Worksheet time: 11mins
An individual or business entity that is obligated to pay taxes to a federal, state, or local government
a tax shelter
a taxpayer
a tax consultant
a tax inspector
A provision in the laws governing taxation that allows people to reduce their taxes.
tax loophole
tax evader
fiscal evasion
tax exile
When the average tax burden increases with income. High-income families pay a disproportionate share of the tax burden, while low- and middle-income taxpayers shoulder a relatively small tax burden
A progressive tax
A tax burden
Tax holidays
Tax deductable
It generally refers to a country or jurisdiction that enables multinational corporations and individuals to escape the rule of law in the countries where they operate and live, and to pay less tax than they should in those countries.
Tax exempt
A tax haven
A tax exile
Tax audits
How somebody can hide the origin of money?
To levy taxes
Exempt income
Money laundering
To collect taxes
It is your adjusted gross income less any deductions. This includes any wages, tips, salaries, and bonuses from employers. Investment and unearned income are also included.
Money laundering
Tax exempt
Taxable income
Exempt income
If you are employed, your employer probably ________ income tax from your paycheck and remits it to the IRC(tax office) in your name.
To apply (taxes)
To collect (taxes)
To levy (taxes)
To withhold (taxes)
A tax on the profit when you sell (or 'dispose of') something (an 'asset') that's increased in value. It's the gain you make that's taxed, not the amount of money you receive.
Inheritance tax
A capital gains tax
Creative accounting
Excise duty
Name a place where you can sell your stuff and receive some money.
Pawn shop
Gold shop
Fast money store
Criminal broker
ROI is
Rock of investment
Reunion of investors
Replace of investor
Return of investment
A private equity investor that provides capital to companies with high growth potential in exchange for an equity stake. More than 1 correct answer
Venture capitalist
Risk capitalist
Business angel
Putting money away in anticipation of poor/dark times
to save for a rainy day
to roll in money
to make ends meet
to budget for
to keep one's head above water
to avoid financial failure while having money problems
to don't take off your swimming hat while swimming in public pool
to avoid tax evasion if it's progressive tax
to do money laundering
Being cash negative means....
to be in the red
to be under the water
to ask money from mama
to go overdraft
ATM is
a cash machine
a bank machine
a cashpoint
a bank machine
Gross domestic product is ....
measure of the market value of all the final goods and services produced and sold in a specific time period within a country
the value of all products and services produced by the citizens of a country both domestically, and internationally minus income earned by foreign residents
Situations where a debtor cannot pay the debts they owe
Insolvency
Interim result
Collateral
Cash flow
The ________ of your home loan is the amount of money you borrow from your bank or lender. The ________ is the cost charged by the bank or lender to you to borrow this money.
principal/interest
collateral/mortgage
assets/liabilities
_______________ involves estimating your future sales and expenses. It is a vital tool for your business because it will tell you if you'll have enough cash to run the business or expand it. It will also show you when more cash is going out of the business than in.
The balance sheet
The bank statement
The cash flow forecast
How do you call document from bank of financial transactions occurring within a given period?
A standing order
A balance sheet
An audit
A bank statement
