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Junior Money
Masters
FOR PARENTS:
Page 3........ The Road to Financial Responsibility Page 5........ Make a Budget Worksheet Page 8........ Child Identity Theft Page 12....... Living Life Online KIDS:
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How to fill out junior money
How to fill out junior money
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Gather all relevant financial information, such as income, expenses, and savings.
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What is junior money?
Junior money refers to funds or income earned by minors or children.
Who is required to file junior money?
Parents or legal guardians of minors who earn income are required to file junior money on behalf of the child.
How to fill out junior money?
To fill out junior money, parents or guardians must report the child's income, deductions, and any tax withheld on the appropriate tax forms.
What is the purpose of junior money?
The purpose of junior money is to ensure that minors' income is reported accurately and taxed accordingly.
What information must be reported on junior money?
Information such as the child's income, deductions, and any tax withheld must be reported on junior money.
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