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be under age 16. be registered in school. be a relative. 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 demand Question 13. 13. (TCO 2) Compared to other financial institutions, credit unions provide an advantage in the area of interest-bearing checking accounts. low-cost personal loans.