Tuesday, May 8, 2018

Tuesday/Wednesday May 8-9

Complete Estate Planning questions in Google Class
We played Jeopardy as a review (Exam Next 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
Will- What it protects and how it protects it.
Trust- How it protects your assets (explain the difference between a Will and a Trust)
Cashflow Quadrant (E, S, B, I)- Explain and give an example of each.

No comments: