Process of/About Tax
What form do you need to fill out to complete taxes?
What is a W2
How much does the highest bill contain in the US
What is $100
What does budgeting help you accomplish?
What is saving money
Describe what a loan is
What is borrowing money you need to pay back over time
True or false, there isn't a limit in how many scholarships you can apply to for college?
What is true
What form is needs to be filled out when you are starting a job?
What is a W4
Who is on the 5 dollar bill
What is Abraham Lincoln
Why is it bad to have debt?
What is damaging credit score and not have as much money
Name 3 things people would take a loan out for...
What is, vehicles, vacations, medical expenses, tuition, weddings, home improvement etc
funding given to upcoming students that will help lessen their tuition cost
what is...
What is financial aid
Explain gross income...
What is the total amount earned before the tax deductions
What is the dollar made out of?
What is linen and cotton
What are 3 ways you can budget your spending?
What is, gift cards/coupons, divide your income, set up bank limits online
The 3 ways people can buy a car are...
What is paying in full, lease or loan
What generally happens if you cannot pay a monthly student loan payment?
What is, your loan is considered delinquent and is reported as such to the national credit reporting agencies or talk to your server
Explain tax return...
What is a form(s) filed with tax authority which then reports income, expenses and other relevant tax information
Why can't we just "print more money"
What is inflation and rapid supply and demand
Name 8 things people typically budget on/for
What is, clothes, vacation, dining out, groceries, school, insurance, debt, car, loans, gifts
What is residual?
What is what remains after most of something is gone
The average amount of years to pay off student loans is...
What is 10-20 years
What form do you need to fill out to submit your tax return?
What is the 1040
Name 3 different currencies besides the US
Euro, Canadian Dollar, Peso, Australian Dollar, Barbados Dollar etc
What is a 50/30/20 rule?
What is splitting your income into three categories of spending: 50% on needs, 30% on wants and 20% on savings
Name 5 things you need to do in order to legally drive your car in NH?
What is, passing inspection, have license plate front and back, register it, carry license in car, have license, wear seatbelt under 18, be sober, must prove you have sufficient funds
Your interest rate for an entire year with any costs or fees associated with your loan...
What is, APR (annual percentage rate)