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6 Cards in this Set

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  • Back

T or F


Finance planning has specific techniques that will be effective for every individual and household.

False

T or F


Lenders benefit more than borrowers in times of high inflation

False

T or F


A decrease in the demand for a product or service may result in a decrease in the wages for people producing them

True

What 1040 form should a high school student with an after-school job and interest earnings of $1,510 from savings accounts use?

Form 1040A

What 1040 form should a college student who, due to ownership of property, is able to itemize deductions rather than take the standard deductions use?

Form 1040

What 1040 form should a young, entry level worker with no dependents and income only from salary use?

Form 1040EZ