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LESSON 5.1: SAVING AND Investigating and Investing: Getting Started Standard 5 The student will analyze the costs and benefits of saving and investing. Lesson Objectives Describe the reasons people

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What is 1 saving and investing?

1 saving and investing refers to the process of setting aside income for future use or for generating income through investments such as stocks, bonds, real estate, and other assets.

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Individuals who earn income from investments or have savings that exceed certain thresholds are required to file saving and investing forms with the relevant tax authorities.

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To fill out a saving and investing form, individuals must provide details about their savings, investments, income generated from investments, and any taxes paid on investment income.

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The purpose of saving and investing is to help individuals achieve financial goals, build wealth, and secure their financial future.

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Information such as account balances, investment income, dividends, interest earned, capital gains, and losses must be reported on saving and investing forms.

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