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Business, 08.02.2021 22:20 kaffolter25

FINANCIAL PROJECT 8. Go to the Graded Assignment Instructions activity, and open the Example_1040EZ. Then complete the steps below to save a copy of the file to your hard drive.
(a) Click the File menu, and then Click Save a Copy.
(b) If a Save a Copy dialog box appears, click Save a Copy.
(c) Make sure the Save in drop-down list is set to a specific folder on your hard drive. Make a note of the folder where you save the file.
(d) In the Name: field, type Example_1040EZ followed by your initials.
(e) Click Save.
(Score for Question 9: ___ of 5.0 points)
9. Follow the instructions below to fill out the 1040EZ form using Jessie Robinson's information. Be sure to save your work! (5.0 points for completing the 1040EZ form correctly according to the instructions below).
(a) Fill out the Income section of the 1040EZ form, using the following information:
i. The gross income information from Jessie Robinson's W-2 form. TIP: This is the amount from question 7b above.
ii. This employer was Jessie's only source of income.
iii. Jessie had no taxable interest.
iv. Jessie was not an Alaska resident.
v. Jessie has no spouse and can't be claimed as a dependent by someone else.
(b) Fill out the Payments, Credits, and Tax section of the 1040EZ form using the following information:
i. The federal income tax withholding information from Jessie's W-2 form. TIP: This is the amount from question 7c above. Social Security tax and Medicare tax are not important to the 1040EZ form.
ii. Jessie can't be claimed as a dependent by anyone else.
iii. Jessie is not claiming the Earned Income Credit.
iv. Jessie is not a member of the U. S. Armed Forces who served in a combat zone.
v. Use the Example_Instructions_1040EZ's tax table on pages 27-35 to find the amount that Jessie Robinson owes. TIP: The Example_Instructions_1040EZ is included in the Graded Assignment Instructions activity.
(c) Fill out the Refund section by performing the calculations if the IRS owes Jessie Robinson money. Do not fill out the bank account information section.
(d) Fill out the Amount You Owe section if Jessie owes the IRS money.
(e) Do not fill out the Third Party Designee Section, the Sign Here section, or the Paid Preparer's Use Only Section.
(f) Click the File menu, and then click Save so that your work is saved.
(Score for Question 10: ___ of 1.0 points)
10. Describe at least two common types of variable expenses that you expect to have at some point in your life. (1-2 sentences)

Type your answer here.
(Score for Question 11: ___ of 1.0 points)
11. Describe at least two non-discretionary expenses that you expect to have at some point in your life. (2-4 sentences)

Type your answer here.
(Score for Question 12: ___ of 1.0 points)
12. Describe at least two discretionary expenses that you expect to have at some point in your life. (2-4 sentences)

Type your answer here.
(Score for Question 13: ___ of 3.0 points)
13. Imagine you have a budget of $1,000 per month. Make a list of at least three categories you would use that money toward, such as housing, utilities, transportation, food, clothing, entertainment, savings, and so on. Then put a dollar amount next to each item to show how much money you would budget for this item each month. Make sure the total adds up to $1,000. TIP: The cost of each item can be a rough estimate. You don't need to research specific costs of each expense.

Type your answer here.
(Score for Question 14: ___ of 1.0 points)
14. Describe an advertisement you've seen that uses a desire based marketing message. What desire does this ad appeal to? (2-4 sentences) TIP: This can be any type of ad, such as a TV commercial, a radio ad, a magazine ad, a billboard, an Internet ad, or another type of ad.

Type your answer here.
(Score for Question 15: ___ of 1.0 points)
15. Describe an advertisement you've seen that uses a fear based marketing message. What fear does this ad appeal to? (2-4 sentences) TIP: This can be any type of ad, such as a TV commercial, a radio ad, a magazine ad, a billboard, an Internet ad, or another type of ad.

Type your answer here.

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FINANCIAL PROJECT 8. Go to the Graded Assignment Instructions activity, and open the Example_1040EZ...
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