Wise Review 2

What are three ways you have benefited from taxes today?

• Zoo's, Arena's, and Walmart

• Highway Signs, Highways, and bike reflectors

• Police Officers, Teachers, and the Internet

• Schools, Libraries, and Clean Communities

What form do you complete upon being hired

• W-2

• W-4

• 1099

• 1098

FICA is also referred to as?

• Medicare

• Medicaid

• Social Security

• Federal Information Contribution Agency

Excise tax is often?

• On Food

• Hidden in the price of an item

• A % of the total price bought

• Higher than all the other taxes

Property Tax is tax paid on?

• Goods and Services

• Earned Income

• Building, Land, Vehicles

• Airline Tickets

The form given to you from your employer to help you fill out your taxes?

• 1099

• 1098

• W-2

• W-4

The tax form that for those that make less than $100,000 and claim no deductions.

• 1040

• 1040A

• 1040EZ

• 1030

Your W-4 can only be changed once.

• True

• False

Your W-2 helps you to fill out your tax form and file your taxes?

• True

• False

Employment Eligibility Verification Form required by the Immigration and Naturalization Services (INS) to verify your identity and your eligibility to work; filled out before you begin working

• I10

• I9

• w2

• w4