Taxes Take 2

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

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

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

Front

Which tax form do you fill out to file your taxes?

Back

1040

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

Front

Are you trolling Ms. Kennedy?

Back

No

Front

What is the primary purpose of a W-4 form?

Back

To determine how much tax your employer should withhold from your paycheck

Front

Which of the following is TRUE about a W-2 form? It is used to declare exemptions at the start of employment, It is provided by your employer and summarizes your annual earnings and tax withholdings, It is filled out by employees to calculate their withholding allowances, It is used to report freelance income to the IRS

Back

It is provided by your employer and summarizes your annual earnings and tax withholdings

Front

What do you use to help you when you are filing your 1040? Options: W-2, W-4, 401K, 1044

Back

W-2

Front

Which kind of pay is before taxes are taken out?

Back

gross pay