Taxes

Front

The W-4 form lets...

Back

your employer know how much to withhold from your paycheck

Front

Can Jessica's parents claim her as a dependent on their tax return?

Back

No

Front

The more allowances you claim on your W-4...

Back

The less money is withheld from your paycheck

Front

Which of these is the money you earn BEFORE taxes? Gross Pay, Net Pay

Back

Gross Pay

Front

What do taxes collected under the Federal Insurance Contributions Act (FICA) fund? Options: Medicaid & Supplemental Security Income, Medicare & Medicaid, Social Security & Medicare, Social Security & Medicaid

Back

Social Security & Medicare

Front

the amount of money you are paid after all the deductions are subtracted

Back

Net pay

Front

When should you fill out a W-4? Options: When you quit a job, When you have 401K benefits, When you start a new job, Whenever you feel like it

Back

When you start a new job

Front

If you worked 40 hours per week at $10 per hour, what is your gross income for the week?

Back

$400

Front

Totals all of the deductions which have been withheld from an individual’s paycheck from January 1 to the last day of the pay period indicated on the paycheck stub

Back

year to date

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