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WorksheetsReview for Sept 12
Total questions: 15
Worksheet time: 8mins
Using the Rule of 72, an investment at a 6% interest rate will double in how many years?
(Hint: 72/interest rate)
11
10
9
12
When is the W-4 completed?
When you start a job.
After your 1st year at your job.
At the end of your job.
When you get a raise.
What personal information does the U.S. Individual Income Tax Return (1040) ask for?
Car make and model.
How many bank accounts you have.
Your name, address, and SSN
Zero-based budgeting is a way to plan how you use each dollar you earn.
False
True
On a pay stub, which item represents the total amount of money an employee has earned before deducations and taxes are applied?
Net income
Gross income
Year to date
Deductions
Which expenses are discretionary expenses? (Choose two)
Vacation
Groceries
Going to the movies
A coat for the winter
Which of the following statements best describes a SMART goal?
I will save $100 each month this year.
Going to work to earn money.
SMART goals are specific, measurable, acheiveable, relevant and timely
False
True
Which of the following is used to file income taxes?
W4
W2
Bank statement
Investment account
Non discretionaly spending includes...
housing cost
taxes
utilities
transportation cost
When developing a monthly budget, which is not a fixed expense?
cell phone bill
electric bill
mortgage payment
car payment
Which of the following statements best describes a SMART goal?
savings account
non discretionary spending
checking account
discretionary spending
What day is your federal income taxes due?
Sept. 23
April 30
April 15
Jan. 1
The IBC/SC exam is required.
True
False
I will make sure to complete this week's quizzes no later than Friday and check my grades to ensure I am passing.
(Remember you have multiple attmepts-USE THEM!)
I Agree
I Agree
