Unit 3 Exam Review
Progressive, Regressive, Proportional (examples of each)
Characteristics of a good tax (explain each of the 4)
Types of business organizations- Explain sole proprietorship, partnership (General, Limited), Corporation (how to set up)
FICA (What programs does it support and what they do)
W-4, W-2, 1040- Explain what each form does/when they are done
How deductions/write-offs financially benefit us (be able to give examples/make a comparison
Will- What it protects and how it protects it.
Trust- How it protects your assets (explain the difference between a Will and a Trust)
How to calculate Federal Income Taxes, FICA, and State Taxes.
Rich Dad Poor Dad Chapter 5-8
Exam Tuesday!
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