Finance Answers

Context Link: https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-go

Instructions: Provide a response including a few reasons why you disagree or agree, and further information to prove your point or connect it back to the statement.

Statement: I personally believe that our social security tax is one of the most important taxes to be paid. I think its important to pay this tax because, by paying it because of the benefits it offers later in life. Spouses and children of the deceased are given their paid tax money to help them after their loved one can no longer contribute. Our elderly get monthly retirement money because they paid their tax. Disabled workers and their dependents get money because they paid their social security tax. To conclude by paying social security tax it means that later in life if ever need be money is able to be given to the ones who need it in hard times, especially our elderly who have retired.

Context Link: https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-go

Instructions: Provide a response including a few reasons why you disagree or agree, and further information to prove your point or connect it back to the statement.

Statement: I personally believe that the most important tax to be paid is the medicare subsidies tax. This is because this tax allows for underprivileged individuals to receive health coverage and ensure that parents, children, the elderly, and people with disabilities are provided equal health opportunities to others. Therefore, people are able to take care of themselves and have coverage for any medical issues that arise. This increases the healthy population which is good for the country.

Context Link: https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-go

Instructions: Provide a response including a few reasons why you disagree or agree, and further information to prove your point or connect it back to the statement.

Statement: I believed the most important topic for are federal tax dollars to go to in are medicare subsides tax. I think this is the most important because everyone deserved to be able to have affordable medicare. This tax allows the less fortunate to have more affordable and more helpful medicare. For example elders, children, parents who don't have a very big income, may have a big medical issue occur. This tax would help cover this for them.

Context Link: https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-go

Instructions: Provide a response including a few reasons why you disagree or agree, and further information to prove your point or connect it back to the statement.

Statement: In my opinion I think that we should spend most of our taxes on Medicare and other expenses dealing with medical assistance. I believe this because people who do not make a lot of money should not have to worry about going to the doctor just because they cannot afford it. Also it can help pay for unfortunate accidents or sicknesses that cannot be prevented. Such as cancer, this is a disease that already takes a toll on your health, you should not have to worry about paying thousands of dollars on medication to help cure the sickness. Another reason is if you break a bone you have to play thousands to get it fixed. If people did not have medical assistance they would not be able to afford to get that bone fixed.

Context Link: https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-go

Instructions: Provide a response that includes whether or not you agree or disagree with the following statement, a few reasons why you disagree or agree, and further information to prove your point or connect it back to the statement.

Statement: I believe that our most important tax that we pay goes towards safety net programs in this country. I personally benefit or have benefitted in the past from such safety net programs, being a low income individual for most of my life. Without these programs, I would not have been able to enjoy 3 meals a day or even the roof over my head, both as a child and now as a young adult. So when I am working a steady job with good income, I feel good about contributing some of that towards somebody that is in a similar situation to mine, and helping them live a better and more worthwhile life.

1)Define venture capital

2)Outline three common characteristics Successful investments

3)Describe the Attributes of venture capital

4)Discuss the Role of Venture Capital in Economic Development

5)Explain the Reasons for Significant Growth in Venture Capital in the Developed Countries

6)Explain the Constraints of Venture Capital in Kenya 20MARKS

Where Do Our Federal Taxes Go?

Instructions: Please read the following article and identify one federal tax item you feel is the most important item that should be paid by your tax dollars. Please provide the reasons why you selected this item as the most important.

Extra Direction: Answer this prompt as if you were a sophomore in high school. (15-16 years old)

Requirements:

1. Read the article on Federal Taxes.
2. Research where your federal tax dollars go to.
3. Identify one item you feel is the most important item for your dollars to be spent on.
4. Please provide the reasons why you selected this item as the most important.

Mr.Branganza, the CEO of ABC Ltd is carrying out a review of the company’s financial

performance for the year ended along with his functional managers. While reviewing

various indicators, he comes across one of the indicators as Receivable Turnover ratio

which shows as 4 for the current year as against 4.5 in the previous year. He turns

around to his CFO and asks” What would this mean in term of the collection cycle and

the number of days. Are we doing better or worse compared to the previous year? “What

should be CFO’s response?

Activity One - Analyzing Your Pay Stub

This module identifies the different types of taxes and how taxes impact our finances.

Analyze this sample pay stub and answer the questions that follow.

Sample Pay Stub: https://lrccd.instructure.com/courses/159612/files/33420065/preview

Question 8:

One of Hope’s coworkers quits, and during the next pay period Hope works 60 hours instead of 40 to help cover the shifts. Which of Hope’s deductions will definitely change as a result? 

   a. Her Federal tax

   b. Her health

   c. Her dental

   d. Her retirement

Activity One - Analyzing Your Pay Stub

This module identifies the different types of taxes and how taxes impact our finances.

Analyze this sample pay stub and answer the questions that follow.

Sample Pay Stub: https://lrccd.instructure.com/courses/159612/files/33420065/preview

Question 5:

Look at the lines that say HEALTH, DENTAL, and RETIREMENT. Which statement below is accurate?

a. Those lines represent taxes that Hope paid to the Federal government

b. Those lines represent taxes that Hope paid to the state government

c. Those lines represent benefits that the employer is paying to Hope in addition to her wages

d. Those lines represent insurance and retirement plans that Hope funds directly from her paycheck