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Section B Business Skills for Life Academic Essay

:1)A personal balance sheet presents:_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________2)Which one of the following items is a set amount of income on which no taxes are paid?_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________3)The form 1040 is most helpful to a person who:_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________4)Which type of audit is the least complicated for taxpayers?_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________5)A $2,000 deposit to a tax-deferred retirement account for a person in a 25 percent tax bracket would result in a reduced tax bill of:

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