What type of account is this: Office Supplies

Any transaction a business makes results in an action to at least 2 different accounts. What are the two actions that must occur?

If Assets are $19,500 and Owner's Equity is $14,300, how much is in the Liabilities accounts?

Which of the following DOES NOT represent the accounting equation?

You fill this form out when you first start a new job. You use this form to prove that you are eligible to work in the US

This is the form that you use to file your personal tax returns.

You complete this form every April. 

You receive this form when you first start a job. You list information about yourself and your family. This tells your employer how much taxes to take out of your paycheck. 

You get one of these forms if you were paid by the company but are not an employee of the company. You usually receive this in January. You more than likely didn't get taxes taken out of your pay if you get one. 

This form is a summary of what you earned and how much you paid in taxes.

Employees receive in January

An ________ is an allowed expense that can be deducted from adjusted gross income.

________ is a fixed amount that may be deducted from adjusted gross income.

All of the below are steps in the budgeting process EXCEPT

Katie worked 40 hours a week and 4 hours of overtime. If she is paid $15.00 per hour, what is her hourly wage for those extra 4 hours of overtime?

Drew makes a salary of $2500 per month. He is having trouble every month because he is not sure where all of his money is going. He decides to make a budget so he can figure out where all of his money is going and start a small savings account. He pays $375 a month total in federal income taxes, social security and insurance. He also adds up all of his household expenses and they total $1900 per month. How much does Drew have left over to put in savings every month?

It's tax time and William is sitting down to do his tax returns. He has a W2, which shows that he made $50,000 last year. He also made $250 in interest from his savings accounts and made $500 in a cryptocurrency sale. What was William's Earned Income for last year?

When someone is financially capable they

Match the below investment accounts with their definitions:

The below are all examples of common bank products EXCEPT

The process of spreading risk by putting money in a variety of investments is called

______ is a legal document stating a person's wishes for his or her estate after death.

A ________ is a type of security issued by a corporation, government or other organization that pays interest over time. The investor is usually paid the face value plus interest.

A ________ is a share in the ownership of a corporation, government or other organization. The investor is paid dividends, which is a portion of the company's earnings.

In what situation below is good to use a S.M.A.R.T goal?

The rules, standards and practices businesses follow to record and report financial information