Block Jeopardy Jeopardy Template

100 What is the 5 types of Business Entities Sole Proprietor, Corporation, Partnership, LLC, QJV	100 What are types of inventory methods LIFO, FIFO, LCM	100 What are accounting methods Cash, Accrual, Hybrid	100 What is the deductible amount of meals 50%
200 What is the 3 types of employees Common-Law, Statutory, Nonstatutory	200 What are nondeductible expenses Club Dues, Penalties, Bribes	200 What is inventory as defined Supplies, Raw materials, Merchandis	200 What are the 2 types of employee business expense reimbursement arrangements Accountable, Nonaccountable
300 What are employment Forms I-9, W-4, W-2	300 What is how employers pay their employment taxes EFTPS	300 What are deductible business expenses that are treated differently Start Up & Organiztional Costs
400 What is federal payroll taxes for employers Social Security, Medicare, FUTA	400 What is amount before a Form 1099-misc is issued $600	400 What are deductible types of insurance Liability, Malpractice, Health
500 What are some deductible business expenses Utilities, Interest, Travel	500 What are accounting periods Calendar, Fiscal	500 What are forms necessary to be filed for partnerships Form 1065, Schedule K-1