Taxes

Front

Who primarily uses our tax money? (hint: choose 2 correct answers)

Back

Federal and state government

Front

Our tax money is spent on all of the following EXCEPT:

Social Security

,

The Military

,

Private School Education

,

National Parks

Back

Private School Education

Front

Which of the following is NOT a category in the Federal government's spending?

Mandatory spending

,

Discretionary spending

,

Interest on loans issued

,

Interest on national debt

Back

Interest on loans issued

Front

Which of the following taxes is applied to wages, salaries, dividends, and interest earned?

• Corporate Income Tax
• Income Tax
• Estate Tax
• Excise Tax

Back

Income Tax

Front

What does the W-4 form let you do?

Back

your employer know how much to withhold from your paycheck

Front

Is Jess a dependent if she is 21, in college, and has a job that provides 65% of her support?

Back

No

Front

What item would you DEFINITELY see on a paystub? Options: Retirement, Healthcare, Gross Pay, Your occupation/role

Back

Gross Pay

Front

By claiming "exempt" on the W-4 form, what happens?

Back

You will NOT have income taxes withheld from your paycheck.

Front

When should Jason pay his 2022 tax return amount to avoid a fee? Options: April 18th, October 15th, December 31st, January 1st of the next year.

Back

April 18th

Front

True or False: All wages, tips, and bonuses are taxable unless specifically excluded.

Back

True