Questions: Why should you compare your checkbook register with your bank statement every month? To find out your current balance To adjust for interest earned or fees charged To prepare for filing your tax return To practice your math skills

The answer is the second one: To adjust for interest earned or fees charged.

Explanation for each option:

• To find out your current balance: While comparing your checkbook register with your bank statement can help verify your balance, the primary purpose is not just to find out your current balance. Your checkbook register should already reflect your current balance if maintained correctly.

• To adjust for interest earned or fees charged: This is the correct answer. Comparing your checkbook register with your bank statement helps you account for any interest earned or fees charged by the bank that you may not have recorded in your checkbook register. This ensures that your records are accurate and up-to-date.

• To prepare for filing your tax return: While having accurate financial records is important for tax purposes, the primary reason for comparing your checkbook register with your bank statement is not specifically for tax preparation.

• To practice your math skills: Although reconciling your checkbook with your bank statement involves math, the main purpose is not to practice math skills but to ensure the accuracy of your financial records.

In summary, the primary reason for comparing your checkbook register with your bank statement every month is to adjust for any interest earned or fees charged, ensuring that your financial records are accurate.