true or false
itemized deductions are subtracted from adjusted gross income
true
_____ are money held back from a paycheck._______ is total income before payroll taxes are taken out.
Payroll taxes/Gross income
Ted pays federal income tax of $13 on every $100 he earns. How much
federal income tax will he pay on earnings of $600?
$78
what is the basic rule of budgeting
50-30-20
making repairs in a reasonable amount of time
you can deduct only part of your medical and dental expenses that exceeds 5%
Net income is income that is left after ___________. Gross income is total income before _____________.
payroll taxes are taken out/ payroll taxes are taken out
Each month, Mateo pays $166 in federal income tax, $117 in state taxes, and
$116 in other taxes. His pay after taxes is $1,121. What are Mateo's monthly
earnings?
$1,520
does rent fit under the 50% of the rule ?
yes
paying interest on deposit money
landlord
Diet food can be included as medical and dental payments
false
A detailed written agreement between landlord and tenant that discloses the amount of rent, time and other binding rules that must be followed.
lease
In total, Jaylen paid $803 in payroll taxes last month. That amount included
$507 in federal income tax. How much did he pay in other payroll taxes?
$296
is travel part of the savings ?
no it is not, travel is a want
paying for any damage to the walls,floors, and furniture
tenant
You can't deduct federal income and most excise taxes
true
Money given to a landlord as protection in the event that the tenant causes damage to the property; refunded when tenant moves out if there is no damage.
security deposit
Juan earns $2,079 a month. He pays $533 in total payroll taxes. What is his
pay after taxes?
$1,546
if your weekly check is 1,570 how much are you putting into the savings
$314
giving notice if leaving at the end of the lease
For any contribution made in cash you must maintain as a record of the contribution a bank record
true
the amount of space inside a two-dimensional region, such a floor.
area
Mia's total payroll taxes are $939 a month. Her pay after taxes is $2,691 a
month. What are Mia's monthly earnings?
$3630
it is an expense that does not change month to month, car insurance , rent , gym membership
maintaining exterior grounds of the building
landlord