Finished Business Org. Notes from last class and completed Business Org. Questions in Google Class
Exam Review
Tax Base
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)
W-4, W-2, 1040- Explain what each form does
What tax exempt means, give examples
Tax incentives (examples of what the government wants us to do)
How deductions/write-offs financially benefit us
Cashflow Quadrant (E, S, B, I)- Explain and give an example of each.
Exam on Friday!
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