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The Basics of Record Keeping Pretest/Posttest |
by Tom Copeland
Instructions: Before the workshop begins, please take a moment to answer the questions below in the first column, by circling your answer. At the end of the workshop answer the same questions again in the second column.
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Answer before workshop begins |
Answer after workshop begins |
||||||
|
True(T) |
False(F) |
Don’t Know (DK) |
True(T) |
False(F) |
Don’t Know (DK) |
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| 1) | For every $10 of business expenses you deduct on your tax return you will save about $3-$4 in taxes | T | F | DK | T | F | DK |
| 2) |
You must save your business records for at least 7 years after filing your taxes |
T | F | DK | T | F | DK |
| 3) | You must report as income all money received from daycare parents | T | F | DK | T | F | DK |
| 4) |
Before you can claim a business expense you must have a receipt for it |
T | F | DK | T | F | DK |
| 5) | You can deduct a portion of the cost of a washer/dryer used in your business | T | F | DK | T | F | DK |
| 6) | You can count the hours spent cleaning your home before the daycare children arrive each morning | T | F | DK | T | F | DK |
| 7) | You can count a bedroom in your home as regularly used for business if a daycare child uses it 20 minutes a day for a nap | T | F | DK | T | F | DK |
| 8) | You can count as a business trip a trip to the library to look for children's books | T | F | DK | T | F | DK |
| 9) |
You can deduct a portion of your car insurance if you use the standard mileage method to claim care expenses |
T | F | DK | T | F | DK |
| 10) |
A provider should not be on the Food Program if she is spending more money on food than she would receive under the Standard Meal Allowance |
T | F | DK | T | F | DK |
This handout was produced by Think Small (www.thinksmall.org).
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