1. When a person is hired as a new employee in a company, he or she must correctly fill out a _________ upon acceptance of the specific job. W-2 form 1040 form W-4 form 540 EZ form
2. It is always advisable to put a certin percentage (about 2% - 10%) of one's monthly income into some form of..... savings credit card loan household expenditures
3. Determining a monthly budget for expenditures is vital for both ''real'' and ''virtual'' world personal finances. This budget must be based on the employee's ________ yearly gross monthly net monthly gross weekly gross
4. It is vital that a person records all of the checks that he or she writes in his or her check register and ______ the register balance with his or her monthly... reconcile/credit card statement add/bank statement figure/credit credit card statement reconcile/bank statement
5. In order to keep one's good credit with his or her bank(s) and ____________ companies, a person's bills should not exceed his or her monthly income. insurance credit card coffee car
6. A form that employees need to fill out yearly for filing their federal income tax information is the ______ form. 1040EZ 540 540EZ 1099
7. Virtual Enterprise employees are expected to pay for their orders from other Virtual Enterprise companies when a(n) _________ is received. purchase order email invoice credit
8. Rent, utilities, insurance, gasoline, and food costs are also generally known as ___________ expenses. personal item flexible personal flexible fixed living
9. All expenses, fixed and flexible, should always be recorded in a person's ... computer check register checkbook diary
10. Today, most people pay their bills electronically or online. True False
11. It is extremely important that the Virtual Enterprise employee understand that his or her total monthly bills should not exceed his or her total monthly net income. True False
12. The federal 1040EZ income tax form and the California 540EZ state tax form should be filed by April 15th of each year. True False
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