U4 - Taxes Test

Front

Which tax form is used to provide information about your previous year's pay and deductions from that year? Options: W2, W4, 1040A, 1099-INT

Back

W2

Front

Who is responsible for providing the W2 form?

Back

Your Employer

Front

Which tax form is used to tell your employer the amount of allowances/dependents you will be claiming?

Back

W4

Front

When is a W4 form filled out? Options: Right before you file your taxes, When you quit a job, When you start a job

Back

When you start a job

Front

Who is responsible for filling out a W4 form?

Back

You

Front

Which tax form provides information on how much you have earned in interest on your savings tools, such as savings accounts?

Back

1099-INT

Front

Who provides you with the 1099-INT? Options: You fill it out, Your employer, Your Bank

Back

Your Bank

Front

When is tax day?

Back

April 15th

Front

What percent of gross pay is deducted for Social Security?

Back

6.2%

Front

Randall had a weekly paycheck of $300.00. How much Social Security would be withheld from his paycheck?

Back

$18.60