Chapter 16 5th Period by Ross Cullins https://padlet.com/rosscullins2/dxn39mxqc89u Made with a smile en-us 2016-10-10 18:26:19 UTC 2024-07-15 17:15:20 UTC hello@padlet.com Chapter 16 rosscullins2 https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129602008

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?]]> 2016-10-10 18:26:51 UTC https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129602008 s1622582 https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129612937 2016-10-10 19:03:25 UTC https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129612937 valisagarcia0626 https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129613208 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          


]]> 2016-10-10 19:04:17 UTC https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129613208 latiaslaughter2002 https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129613695 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 
]]> 2016-10-10 19:05:55 UTC https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129613695 canada_speeder https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129613774 2016-10-10 19:06:09 UTC https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129613774 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 valariegar725 https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129614206 2016-10-10 19:07:38 UTC https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129614206 Stefany Marroquin stefanymarroquin https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129614447 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.

]]> 2016-10-10 19:08:21 UTC https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129614447 s1509634 https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129614848 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

]]> 2016-10-10 19:09:45 UTC https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129614848 CHAPTER 16 Ania L s1509634 https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129651301 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

]]> 2016-10-10 22:45:23 UTC https://padlet.com/rosscullins2/dxn39mxqc89u/wish/129651301