Taxes
Flashcard
•
12th Grade
•
Practice Problem
•
Easy
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16 questions
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1.
FLASHCARD QUESTION
Front
The W-4 form lets...
Back
your employer know how much to withhold from your paycheck
2.
FLASHCARD QUESTION
Front
Can Jessica's parents claim her as a dependent on their tax return?
Back
No
3.
FLASHCARD QUESTION
Front
The more allowances you claim on your W-4...
Back
The less money is withheld from your paycheck
4.
FLASHCARD QUESTION
Front
Which of these is the money you earn BEFORE taxes? Gross Pay, Net Pay
Back
Gross Pay
5.
FLASHCARD QUESTION
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
6.
FLASHCARD QUESTION
Front
the amount of money you are paid after all the deductions are subtracted
Back
Net pay
7.
FLASHCARD QUESTION
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
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