answersLogoWhite

0

Taxes and Tax Preparation

User Avatar

Ladarius Brekke

Lvl 10
โˆ™ 2021-10-12 18:34:44
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
No Reviews
Leave the first rating

Select your study mode:

Rate this Study Guide:

โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
Cards in this guide (26)
What are exemptions

they are amount of money that taxpayers claim for themselves, spouses, and any eligible dependents that will reduce their taxable income.

this is for a+ robert was here:p

Which of these healthcare plans allows a person to receive services from any hospital in the country

fee-for-service

Which of the following is a description of withholding

it is the amount employers subtract from an employee's check each pay period.

What is a deduction on an income tax form

a dollar amount that reduces the amount of taxable income...

Which term is defined as the payment an insured makes to the insurance company on a regular schedule

premium

Which type of insurance offers benefits to help with living expenses when a person is unable to work during illness or from an accident

disability insurance.....

What is another term that means take-home pay

net income...

What is the best definition of unearned income

Unearned income is any income that was not paid as part of the compensation for services provided by the taxpayer.

An example is income that is generated as a result of investments, properties, stocks and bonds, etc.

Which of these forms lists how much was paid in state and local taxes

W-2

Which of these can be claimed for individuals or any eligible dependents

Exemptions!!

Which of these is an element of whole life insurance

under this type of policy, the insured pays premiums for his or her entire life :)

thankkk emery.s (;

What is an important reason for knowing the approximate difference between your gross pay and your net pay

Knowing the difference will allow you to develop a realistic budget based upon your take-home pay.

What type of insurance will pay for a persons loss of sight

accidental death and dismemberment

Who recieves the benefits or money from a life insurance policy upon the death of the insured

The person, company or trust that is specified under "Beneficiaries" section in the insurance policy will receive the life insurance benefits. If the beneficiaries are more than one, the benefit is split according to policy details, or policy schedule pages.

Which of these healthcare plans allows people to choose any doctor they wish and change doctors at any time

fee for service

What is best definition of taxable income

the portion of your income that is eligible for taxation

Which of these is not requirement for claiming an individual as a dependent

The child must have lived with the taxpayer for more than three years.

Were you in compos mentis when you advised me to buy that house

Sound mind A+

A cruel or ruthless supervisor

simon legree

Who should be invited to an engagement dinner

Parents,family,and close friends

What is withholding payment

A payment that is withholding is a payment that withholds.

Which type of annuity credits an individual with a return that is based on changes in an index

indexed! :)

What term fits a weapon of execution

guillotine

What can be added to an insurance policy to allow the insured to receive a higher benefit-

Double indemnity can be added to an insurance policy to allow the insured to receive a higher benefit.

Which of these is a description of allowances

special circumstances that reduce a persons federal tax bill

WHO Monica gave a compte rendu of her trip.

Report

Related study guides

Definitions

20 cards

Who was sent to England by Pope Gregory to convert Anglo-Saxons to Christianity

How do you put the word interpret in a sentence

The restaurant seated us a la bonne heure

A weaker person who overcomes a much stronger person

โžก๏ธ
See all cards
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
No Reviews

Definitions

25 cards

How do you put the word interpret in a sentence

The restaurant seated us a la bonne heure

A weaker person who overcomes a much stronger person

Fossils give information about the earth ab origine

โžก๏ธ
See all cards
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
No Reviews

Definitions

24 cards

How do you put the word interpret in a sentence

The restaurant seated us a la bonne heure

A weaker person who overcomes a much stronger person

Fossils give information about the earth ab origine

โžก๏ธ
See all cards
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
No Reviews

Math and Arithmetic

23 cards

What do creditors look at when assessing if one is a high or low credit risk

What is a fee paid for service

What is the Largest portion of uncontrollable spending int eh federal budget

What inequality will correctly represent the total sales if the salespersons salary is 700 per month with a 2 percent of the sales and they received a monthly income of at least 1800

โžก๏ธ
See all cards
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
No Reviews

Math and Arithmetic

22 cards

What do creditors look at when assessing if one is a high or low credit risk

What is a fee paid for service

What is the Largest portion of uncontrollable spending int eh federal budget

What inequality will correctly represent the total sales if the salespersons salary is 700 per month with a 2 percent of the sales and they received a monthly income of at least 1800

โžก๏ธ
See all cards
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
No Reviews