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List some reasons for becoming financially literate.
Weegy: Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others. [ More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources: accounting, taxes, economics, investing, money management and even business building. ] (More)
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Asked 2/19/2013 6:38:00 AM
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Financial literacy is the knowledge about _____. User: Financial literacy is the knowledge about _____. banks money reading financial books investing
Weegy: Financial literacy is the knowledge about money. (More)
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Asked 2/19/2013 6:43:00 AM
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The government uses the revenue from taxes to pay for goods and services for the community. True False
Weegy: TRUE. The government uses the revenue from taxes to pay for goods and services for the community. (More)
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Asked 2/20/2013 6:00:46 AM
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Select the different types of taxes. sales property elective income voluntary
Weegy: The different types of taxes are sales , property , income . (More)
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Asked 2/20/2013 6:02:52 AM
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The purpose of a W-4 form is to _____. tell the IRS how much money has been paid in taxes inform your employer how much you paid in taxes at your previous job let your employer know how much to take out of your paycheck for taxes file a tax return User: In one to two sentences, explain why adults pay taxes.
Weegy: The answer is - let your employer know how much to take out of your paycheck for taxes file a tax return What is the purpose of Form W-4? At the time of hire, all new employees should complete Form W-4, Employee's Withholding Allowance Certificate, [ which indicates the employee's marital status and number of allowances. This information is used by the employer to determine the appropriate amount of income tax to withhold from the employee's wages. ] User: The deadline to file your tax forms is _____. December 31st April 30th January 1st April 15th Weegy: Why Do We Pay Taxes? Everyone pays taxes in one form or another- mostly income and sales taxes. [ But why do we pay these taxes? There are many services offered to citizens that could not be managed effectively under any other system. The federal government uses your tax dollars to support Social Security, health care, national defense and social services such as food stamps and housing. Services provided by taxes in South Carolina are public schools, safe highways, health care, prisons and social services for low-income citizens. The city or county where you live provides water and garbage service, police and fire protection and also contributes to public schools. We can all admit that these services are necessary. But why must they be paid for with taxes? Why shouldn't we just pay individually for what we use? The answer is simple: Because no one could afford it. Each person would have to pay the full fee for the service regardless of their ability to pay. Our tax system is based on our "ability to pay." The more money we earn, the more taxes we pay. And the opposite is also true. If we earn a small income, we pay less taxes. ] (More)
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Asked 2/20/2013 6:04:22 AM
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