ANSWERS: 4
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jpeg, for its huge compatibility, .tif is a very good format though, comes in handy, and maintains good quality with a small filesize.
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Most of the new SLR's can do raw which is the best quality you will ever get. Otherwise .jpeg are great then .tif when you export from Photoshop.
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It depends what you're doing. I usually use jpgs or gifs. Both are small. Jpgs are generally pretty good quality, but gifs support transparency. It depends on your need.
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.jpg is my typical choice, but sometimes I use .gif files.
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