Taxes - NGPF Review

Front

When do you start paying taxes?

Back

When you make more than the minimum income requirement

Front

Jessie did not meet the minimum income requirement to file a tax return. What is one reason for why she should file a tax return anyway?

Back

She could potentially get a refund for the taxes that were withheld from her paycheck.

Front

Which of the following does the Federal government spend a LARGE portion of taxpayer money on? Education, Military, Transportation, Science

Back

Military

Front

What is the key difference between Net Pay and Gross Pay?

Back

Net pay is the total amount of money you get AFTER taxes are deducted.

Front

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

Back

Private School Education

Front

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

Back

No

Front

If Jason filed his tax return and owes money, when should he pay this amount by to avoid a fee?

Back

April 15th

Front

Also known as take home pay, this is the amount left after all payroll deductions have been taken from the gross income

Back

net pay

Front

What is the key difference between Net Pay and Gross Pay?

Back

Net pay is the total amount of money you get AFTER taxes are deducted.

Front

If Jason filed his tax return and owes money, when should he pay this amount by to avoid a fee?

Back

April 15th