Taxes

Taxes

Assessment

Flashcard

Life Skills

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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39 questions

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1.

FLASHCARD QUESTION

Front

Who primarily uses our tax money?

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Back

Federal and state government

2.

FLASHCARD QUESTION

Front

If you’re looking to pay as little as possible to file your taxes BUT you’re worried about making mistakes, which tax preparation method would be your best option? Options: Do-it yourself paper filing, Online Tax Preparation, Hiring a tax professional, Requesting the IRS complete your taxes for you

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Back

Online Tax Preparation

3.

FLASHCARD QUESTION

Front

What do you need to file your 1040 form?

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Back

W-2

4.

FLASHCARD QUESTION

Front

Medicare and Social Security are mandatory spending categories funded by which type of taxes? Local, State, Federal, FICA

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Back

FICA

5.

FLASHCARD QUESTION

Front

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

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Back

Private School Education

6.

FLASHCARD QUESTION

Front

On a pay stub, the amount of money that is left after withholdings is known as…

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Back

Net Pay

7.

FLASHCARD QUESTION

Front

What form will you have to complete before you receive your first paycheck? Options: W-2, 1040, 1099, W-4

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Back

W-4

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