EverFi Module 7: Insurance and Taxes

Tax return forms must be submitted to the IRS and state governments usually by

• April 15th

• April 1st

• May 1st

• It varies for each person

Use this tax return form if you don't have children, your filing status is single or married filing jointly, and your taxable income is less than $100,000.

• 1040

• W-4

• 1099

• W-2

In January, you will receive this form from each of your employers from the past year. It reports your total earnings and withholdings.

• Form W-2

• Form W-4

• Form 1099

• 1040

Before starting a new job, form you complete to determine how much tax your employer should withhold from your paycheck.

• Form W-2

• Form W-4

• Form 1099

• 1040

This type of insurance will cover the possessions inside your apartment in case of a fire, flood, or theft.

• Renter's insurance
• Liability insurance
• Health insurance
• Disability insurance

This type of insurance helps cover the lost income if you are unable to work due to an injury or impairment.

• Renter's insurance

• Liability insurance

• Health insurance

• Disability insurance

This type of insurance covers the cost of medical bills, prescription medicine, doctor visits, and more.

• Renter's insurance

• Liability insurance

• Health insurance

• Disability insurance

This type of insurance is required by law when you drive a car in case you are responsible for causing an accident.

• Renter's insurance

• Liability insurance

• Health insurance

• Disability insurance

What type of person would typically have the LOWEST auto insurance premiums?

• Young, inexperienced drivers

• Higher-risk drivers

• Older, experienced drivers

• Drivers with children

This type of tax is charged on the value of any land, buildings, or houses owned.

• Income tax

• Sales tax

• Property tax

• Capital gains tax