Go Easy
One primary color
What is red? (or yellow, or blue)
A company's debts or financial obligations
What are liabilities?
Also accepted: Accounts Payable
Taxes in Spanish
What are impuestos?
Also accepted: contribuciones, taxes
Highest US Federal Reserve note in circulation (hint: bill)
What is the $100 bill?
Name given to PR by Taino natives
What is Boriken?
Earth's largest ocean
What is the Pacific ocean?
(Incorrect: Atlantic, Indian or Artic)
The process of recording financial transactions and keeping financial records
What is bookkeeping?
Legal seizure of your property to satisfy a tax debt
Tax levy
Person known for "show me the money"
Who is Cuba Gooding Jr?
Also accepted: Tom Cruise or Jerry Maguire
Name given to PR by C. Columbus when he landed in the island (1493)
What is San Juan Bautista?
The only remaining Golden Girl of TV
Who is Betty White?
(Also accepted: Rose Nylund)
Plan that includes an estimate of income and expenses for a set period of time
What is a budget?
These are presented in Publication 1 of the IRS
Hint: What should be the most important concept to you, as a taxpayer?
Your rights as a taxpayer
Famous painting in reverse side of the $2 bill
What is the Declaration of Independence, by John Trumbull?
Longest river in PR (Hint: Rio Grande de Loiza, Rio de La Plata, Rio Culebrinas, or Rio Grande de Añasco)
What is Rio de La Plata
Second largest organ in the human body
What is the liver?
(First largest: Skin)
Reduction in value, mostly due to wear and tear
What is depreciation?
Tax system established to make sure higher income taxpayers pay at least some amount of tax
Hint: May be also considered a type of tax
What is AMT?
Alternative Minimum Tax, relates to deductions and income.
US President in the $500 bill
Who is William McKinley?
PR is this because it's really a group of islands
What is an archipelago?
Spanish: Archipielago.
Current tennis champ, ranked #1
Who is Alejandro Barillas?
Also accepted: Novak Djokovic or Ashleigh Barty
The 2 most common journal entries in accounting
Hint: Equal but opposite entries in bookkeeping
What are debits and credits?
Everything you own for personal or investment use is this type of asset
What is a capital asset?
Largest US dollar bill ever circulated
What is the $10,000 bill?
Amount of Econo stores in PR