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Question 10. 10. (TCO 2) Generally, the way most people pay federal
income tax is by
paying the total amount owed by April 15.
filing quarterly tax payments.
having amounts withheld from income.
earning tax credits for various deductions.
Question 11. 11. (TCO 2) A(n) _____ is an all-purpose account that
provides several services.
NOW account
asset management account
EFT account
mutual fund
money market account
Question 12. 12. (TCO 2) An example of a _____ deposit is a checking
account.
common
time
current
loan
Question 13. 13. (TCO 2) Compared to other financial institutions,
credit unions provide an advantage in the area of
interest-bearing checking accounts.