Instructions for 1-14: Please write the correct vocabulary word from the word bank under the definition next to were it says answer. No words will be repeated.
WORD BANK:
Financial Literacy
Savings Account
Checking Account
Debit Card
Interest
Credit
Budget
Income
Flexible Expenses
Fixed Expenses
Balance
Deposit
Withdrawal
Credit Report

1. A record of how you paid your debts. ANSWER:
2. A step-by-step plan for meeting expenses in a given period of time. ANSWER:
3. This lets you deposit cash into and withdraw it from your checking account and make purchases at retail locations.
ANSWER:
4. Profit made on money in an investment account. ANSWER:
5. The money you add to your account using a deposit slip ANSWER:
6. Money received, especially on a regular basis, for work or through investments. ANSWER:

Financial Literacy Quiz
7. This type of account does NOT accrue interest. ANSWER:
8. Expenses with amounts that change from month to month. ANSWER:
9. The knowledge that is necessary to make financially responsible decisions that are integral to our everyday lives
ANSWER:
10. The money you take out of your account using: checks, withdrawal slips, ATMs, and debit cards.
ANSWER:
11. The money you borrow to pay for things. ANSWER:
12. Expenses with amounts that DON’T change from month to month. ANSWER:
13. The amount of money you have in your bank account. ANSWER:
14. This type of account accrues interest.

The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

Monica needs to assess the slide sequence and make quick changes to it. which view should she use in her presentation program? a. outline b. slide show c. slide sorter d. notes page e. handout

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.