
Taxes Take 2
Flashcard
•
Financial Education
•
12th Grade
•
Practice Problem
•
Hard
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18 questions
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1.
FLASHCARD QUESTION
Front
Which of the following is NOT a qualification to be claimed as a dependent?
under the age of 19,
lives with you for more than a quarter of the year,
cant provide more than half of their own support,
related to you
Back
lives with you for more than a quarter of the year
2.
FLASHCARD QUESTION
Front
Typically, which tax filing status gets you the most reduction in your tax bill? Options: single, married filing separately, married filing jointly, head of household
Back
married filing jointly
3.
FLASHCARD QUESTION
Front
Who can you most likely claim as a dependent?
Options:
Anyone you want,
Your dog,
Your mom,
Your 3 year old child
Back
Your 3 year old child
4.
FLASHCARD QUESTION
Front
Which tax form do you fill out to file your taxes?
Back
1040
5.
FLASHCARD QUESTION
Front
Which come first in the tax timeline? Receiving a W-2, Filing out the 1040, Working, Getting a Job, Filling out the W-4
Back
Getting a Job
6.
FLASHCARD QUESTION
Front
Are you trolling Ms. Kennedy?
Back
No
7.
FLASHCARD QUESTION
Front
What is the primary purpose of a W-4 form?
Back
To determine how much tax your employer should withhold from your paycheck
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