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

I. Choose the word that best completes the sentence:


1. To create our financial strategy, our consultant took the experiences of similar businesses and ............... relevant outcomes to our situation.
A. translator
B. translatable
C. translated
D. translation
Explain:


2. One decision with tax returns is whether to ............... itemizing in favor of the standard deduction.
A. given up
B. giving up
C. gave up
D. give up
Explain:


3. We felt ............... about applying for such a large loan.
A. caution
B. cautious
C. cautiously
D. cautioning
Explain:


4. I didn′t overpay my taxes this year so I didn′t get a ................
A. refunded
B. refund
C. refundable
D. refunds
Explain:


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


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


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