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Name: date: where does your money come from? Directions Answer these questions. Be prepared to discuss your answers in class. 1. List your current source(s) of income. 2. What do you expect to be
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Start by gathering all your financial documents such as bank statements, credit card statements, and receipts.
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Organize the documents into categories such as income, expenses, and savings.
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Calculate your total income by adding up all sources of income including salary, bonuses, and investments.
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List all your expenses in detail, including monthly bills, groceries, transportation costs, and entertainment expenses.
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Allocate your expenses into different categories such as fixed expenses (rent, mortgage), variable expenses (groceries, gas), and discretionary expenses (dining out, entertainment).
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Calculate your total expenses and subtract them from your total income to determine your cash flow.
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Where Does Your Money is a financial document used to report income, expenses, and other financial information to the relevant authorities.
Individuals or entities with financial income and expenses are required to file Where Does Your Money.
Where Does Your Money can be filled out manually or electronically, following the instructions provided by the tax authorities.
The purpose of Where Does Your Money is to accurately report financial information for tax or regulatory purposes.
Income, expenses, assets, liabilities, and other financial information must be reported on Where Does Your Money.
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