NGPF Taxes Unit Review

Front

Who primarily uses our tax money? Options: Your employer, Large corporations, Federal and state government, Local Businesses

Back

Federal and state government

Front

Our tax money is spent on all of the following EXCEPT: Social Security, The Military, 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

The W-4 form lets...

Back

your employer know how much to withhold from your paycheck

Front

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

Back

No

Front

Miguel is 18, lives with his parents, and makes $30,450 per year. Is he a dependent?

Back

Yes

Front

Olivia is 21, in college full time, & her parents pay most of her living expenses. Is she a dependent?

Back

Yes

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...

Back

You will NOT have income taxes withheld from your paycheck.