An IRS-allowed reduction in your income for yourself, your spouse, and any dependents that is subtracted before you compute your taxes is called a(n) ______.

In general, how long should you keep records dealing with taxes?

All reportable income from any source is called _____.

Liabilities are best described as _____.

Which of the following is not allowed as a personal or dependency exemption?

Generally, wages are reported on a ________ form while interest and dividends are reported on a ________ form?

A dollar-for-dollar reduction in taxes is a tax _______ whereas a percentage reduction in taxes is a(n) tax ______. [BLANK-1];[BLANK-2]

Who must file a federal income tax return?

An allowable amount which taxpayers can claim for themselves and dependents is called a(n) ____.

An emergency fund consists of liquid assets that are sufficient to cover _____ of expenditures.