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Vocabulary --> Word review #5 Lesson 21-25 Financing and Budgeting

I. Choose the word that best completes the sentence:


1. Those ............... on my desk contain all the information we′ll need for preparing our taxes.
A. filed
B. files
C. filing
D. file
Explain:


2. Before we begin, I think we should all focus on the ............... outcome of this effort.
A. desired
B. desire
C. desirability
D. desirableness
Explain:


3. The company′s ............... earnings over the next six months were exciting.
A. projects
B. projected
C. projection
D. project
Explain:


4. It is usually advantageous for spouses to file their income taxes ................
A. joints
B. joint
C. jointed
D. jointly
Explain:


5. The firm′s ............... studied finance and business administration.
A. accounted
B. accountant
C. accounting
D. account
Explain:



II. Choose the word or phrase that best completes the blanks:

Many people use the services of an accountant to help (1)............... their tax forms. They consider it well worth the money. An accountant can help you avoid (2)............... for underpayment of taxes and, in general, ensure that your tax form has been filled out correctly. But remember, accountants have deadlines too. Be sure to give all your tax information to your accountant early, then you can be sure that your taxes will be ready to (3)............... on time. No one wants to pay a fine for sending in their tax form too late.


1.
A. prepare
B. preparation
C. preparatory
D. preparer
Explain:


2.
A. penalties
B. penitents
C. pennants
D. pendants
Explain:


3.
A. invest
B. file
C. budget
D. fund
Explain:
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