Tax Tips
This means taxes aren’t withheld from your paycheck
What is self-employment?
This is an estimate of expected income and expenses for a given period of time
What is a budget?
I sound like 1 letter but I’m written with three. I show you things when you look through me.
What am I?
An eye
I help you from your head to your toe. The more I work, the smaller I grow.
What am I?
A bar of soap
It’s advised you pay this often to avoid underestimated penalty
What is quarterly?
This entity is responsible for the collection of taxes and enforcement of tax laws
What is the I.R.S.?
I have a bed but I never sleep. I have a mouth but I never speak.
What am I?
A river
I have two main bodies and I’m turned all about. When I’m standing still, time will run out.
What am I?
An hourglass
Business equipment, retirement plan contribution, and office rent are all examples of this
What is a write-off?
This is a lawful reduction of the amount of income that would otherwise be taxed
What is tax exemption?
Forwards I am heavy, I sure weigh a lot. But not when I’m backwards, I certainly am not.
What am I?
A ton
A seed with three letters in my name. Take away two and I still sound the same.
What am I?
A pea
It’s advised to put away this percentage of commission away for taxes
What is 20%?
This is an individual with good credit history who agrees to pay a borrower’s debt if they default on a loan
What is a co-signer?
I can be cracked and I can be played. I can be told and I can be made.
What am I?
A joke
I may have eyes but I don’t use them to see. I live in the dark until you have need of me.
What am I?
A potato
It’s very important to do this after opening a bank account solely for business expenses
What is keep track of your expenses?
This is the number listed on a consumer credit report that represents a statistical summary of the information
What is a credit score?
I have a head and a tail that will never meet. Having too many of me us always a treat.
What am I?
A coin
I don’t have eyes but once I did see. Once I had thoughts, but now I’m empty.
A skull