ECONOMICS
BUDGETING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
wait until you get home to write the amount down.
|
|
|
write the amount down before you leave the store.
|
|
|
guess what you spent at the end of the week.
|
|
|
ignore the cost of the item.
|
Detailed explanation-1: -You can still claim deductions on your taxes without receipts for every transaction. Keep in mind that you don’t have to send your shoebox full of receipts to the IRS. You’ll only need them if you’re audited (which can happen up to 6 years after filing your taxes).
Detailed explanation-2: -Write the name of the item on the left side of the receipt and write the cost of each item on the right side of the receipt. If you sold more than one item, list the items and their prices in a row. Write the subtotal below all of the items. The subtotal is the cost of all the items before taxes and additional fees.
Detailed explanation-3: -Receipts are an official record that represents proof of a financial transaction or purchase. Receipts are issued in business-to-business dealings as well as stock market transactions. Receipts are also necessary for tax purposes as proof of certain expenses.
Detailed explanation-4: -credit or debit card statement. lay-by agreement. receipt number or reference number given over the phone or internet. warranty card with details of the manufacturer or supplier, date and amount of purchase. More items