1- Using the 2019 tax form, instructions and info attached, answer the following questions.

**you must show the math for each problem, otherwise no credit.

Assume you are a single person with no dependents who made $45,000.00 from your primary job and an additional $5,500.00 from a part-time position. You had a total of $6,700 dollars withheld in taxes (from both jobs combined) and will take the standard deduction.

Will you get a refund or will you have to pay more tax?
What is the amount of the refund/payment?

assume a single person has a taxable income of $72,000.00.
What will the single person’s total tax be?
What is the single person’s effective tax rate?

2- Retrieved from http://www.youtube.com/watch?v=rd_gGHKz0F0.

Why is a budget something a few of us really sit down and plan?
What kinds of problems can you avoid by manipulating your personal budget?
What are your own thoughts about what is the biggest challenge in making and sticking to a budget?