To Create an Accurate Budget You Should

question 20

Multiple Choice

To create an accurate budget you should

• A) Keep a spending journal
• B) Use budget templates
• C) Discuss budget goals with spouse or housemates
• D) All choices are correct

---

Definitions:

Employer's Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, such as social security and Medicare taxes in the United States.

Federal Income Tax

The tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.

Unemployment Compensation Taxes

Taxes imposed on employers that fund unemployment insurance benefits for laid-off workers.

Form W-2

A tax form used in the United States to report wages paid to employees and the taxes withheld from them.