# data[].attributes.body
What are some characteristics of a wise money manager?

Involves getting the most for your money through careful planning, saving, and spending

What are three main categories of a personal balance sheet?

Personal assets, liabilities, and net worth

What do cashflows represent?

A cash flow statement is the financial statement that measures the cash generated or used by a company in an amount of time.

List the 7 steps in preparing a tax return.

1)Determine gross income 2) calculate adjusted gross income 3) subtract deductions 4) determine exemptions 5)compute taxable income 6)calculate tax owed 7) make tax payments or ask for a refund or credit

What is the purpose of a budget?

Having a plan for how to spend money

What are the 4 main categories of taxes?

The 4 main categories of taxes are taxes on purchase, on property, wealth, and on earnings

What 5 characteristics of an effective budget?

Must be realistic

Should be flexible

Should be evaluated regularly

Must be a well planned and clearly communicated

Should have a simple format

# data[].attributes.body
What are some characteristics of a wise money manager?

Involves getting the most for your money through careful planning, saving, and spending

What are three main categories of a personal balance sheet?

Personal assets, liabilities, and net worth

What do cashflows represent?

A cash flow statement is the financial statement that measures the cash generated or used by a company in an amount of time.

List the 7 steps in preparing a tax return.

1)Determine gross income 2) calculate adjusted gross income 3) subtract deductions 4) determine exemptions 5)compute taxable income 6)calculate tax owed 7) make tax payments or ask for a refund or credit

What is the purpose of a budget?

Having a plan for how to spend money

What are the 4 main categories of taxes?

The 4 main categories of taxes are taxes on purchase, on property, wealth, and on earnings

What 5 characteristics of an effective budget?

Must be realistic

Should be flexible

Should be evaluated regularly

Must be a well planned and clearly communicated

Should have a simple format DifferentSource�h�R9ܿ

# data[].attributes.body
What are some characteristics of a wise money manager? They educate themselves, are disciplined, they admit their mistakes and learn from them.

What are three main categories of a personal balance sheet? What you own, what you owe and your assets minus liabilities.

What do cash flows represent? Positive cash flow indicates that a company's liquid assets are increasing, enabling it to settle debts, reinvest in its business, return money to shareholders, pay expenses and provide a buffer against future financial challenges.

List the 7 steps in preparing a tax return. Get organized, understand what income is taxable, consider new taxes, embrace e-filing, consider payment options, keep tabs on your refund and get more time to file.

What is the purpose of a budget?A forecast of income and expenditure. A tool for decision making. A means to monitor business performance.

What are the 4 main categories of taxes? Personal income taxes, consumption taxes, property taxes and estate taxes.

What 5 characteristics of an effective budget? Gather information, write it down, spend your money on paper, create a system that works for you and be proactive.

# data[].attributes.headline
Valarie
Garcia 

October 10,
2016

Chapter 16

What are some characteristics of a wise money manager?
Getting the most for your money through careful planning, saving, and spending.

What are three main categories of a personal balance sheet? Assets,
liabilities, net worth, and cash flow.

What do cash outflows represent? Cash outflows report your expenditures. 

List the 7 steps in preparing a tax return. 1. Determine Gross Income 2.
Calculate Adjusted Gross Income 3. Subtract Deductions 4. Determine Exemptions
5. Compute Taxable Income 6. Taxes Owed 7. Make Tax Payments or Ask for a
Refund or Credit 

What is the purpose of a budget? It is a tool for decision making and to
monitor business performance. 

What are the 4 main categories of taxes? Taxes on purchase, taxes on property,
taxes on wealth, and taxes on earnings. 

What 5 characteristics of an effective budget? Gather information, wrote it
down, spend your money on paper, create a system that works for you, be
proactive

# data[].attributes.subject
Valarie
Garcia 

October 10,
2016

Chapter 16

What are some characteristics of a wise money manager?
Getting the most for your money through careful planning, saving, and spending.

What are three main categories of a personal balance sheet? Assets,
liabilities, net worth, and cash flow.

What do cash outflows represent? Cash outflows report your expenditures. 

List the 7 steps in preparing a tax return. 1. Determine Gross Income 2.
Calculate Adjusted Gross Income 3. Subtract Deductions 4. Determine Exemptions
5. Compute Taxable Income 6. Taxes Owed 7. Make Tax Payments or Ask for a
Refund or Credit 

What is the purpose of a budget? It is a tool for decision making and to
monitor business performance. 

What are the 4 main categories of taxes? Taxes on purchase, taxes on property,
taxes on wealth, and taxes on earnings. 

What 5 characteristics of an effective budget? Gather information, wrote it
down, spend your money on paper, create a system that works for you, be
proactive

# data[].attributes.body
What are some characteristics of a wise money manager?
hard work and a education .
What are three main categories of a personal balance sheet?
home ,car and children
What do cash flows represent? the total amount of money being transferred into and out of a business, especially as affecting liquidity.

List the 7 steps in preparing a tax return.
GET ORGANIZED, UNDERSTAND WHAT INCOME IS TAXABLE, CONSIDER NEW TAXES FOR 2016

What is the purpose of a budget?
to save more money

# data[].attributes.body
Valisa Garcia
What are some characteristics of a wise money manager? Have a financial plan, have a planned budget, making and using a plan for spending, set goals, make wise decisions, and live within your income.

What are three main categories of a personal balance sheet? Cash inflows, cash outflows, and compare inflows and outflows.  liabilities, assets and net worth.

What do cash flows represent? Reports your cash outflows, or your expenditures. Amounts for food , clothing, transportation, and other living costs are cash outflows.

List the 7 steps in preparing a tax return. Step 1: Determine Gross Income Step 2: Calculate Adjusted Gross Income Step 3: Subtract Deductions Step 4: Determine Exemptions Step 5: Compute taxable Income Step 6: Taxes Owned Step 7: Make Tax Payments or Ask for a Refund or Credit

What is the purpose of a budget? The main purpose is to set financial goals, plan budget categories, maintain financial records, and evaluate your budget.

What are the 4 main categories of taxes? The four main categories of taxes is taxes on purchases, taxes on property, taxes on wealth, and taxes on earnings.

What 5 characteristics of an effective budget? Must be realistic, should be flexible, should be evaluated regularly, must be well planned and clearly communicated, and should have a simple format

# data[].attributes.body
What are some characteristics of a wise money manager?

What are three main categories of a personal balance sheet?

What do cashflows represent?

List the 7 steps in preparing a tax return.

What is the purpose of a budget?

What are the 4 main categories of taxes?

What 5 characteristics of an effective budget?