taxes

What is interest income?

• The amount that your employer pays you at the end of the year.
• the amount the bank pays on certain acconts
• the amount you are charged on credit cards

What is your adjusted GROSS income?

• wages, tips and salary
• wages, tips, salary, taxable interest income, and unemployment compensation
• wages, tips, salary, and taxable interest income

Most of the information required for filling out a 1040 is found on which document?

• W-2 Form

• W-4 Form

• Certificate of Allowances

A refund is money you 

• owe the government
• overpaid in taxes
• underpaid in taxes

A review, or _________________, inspects your details of your tax return.

• evasion

• representation

• audit

The website to find free information and tax forms provided by the U.S. government is

• www.irs.com
• www.tax.gov
• www.irs.gov

Who primarily uses our tax money? Check all that apply.

• Your employer

• The state government

• The Federal government

• Local Businesses

Our tax money is spent on all of the following EXCEPT:

• Social Security

• The Military

• Private School Education

• National Parks

Tags

CCSS.6.RP.A.3B

What types of taxes contribute to Federal tax revenue? Check all that apply.

• Corporate Income Tax

• Income Tax

• Estate Tax

• Excise Tax

The W-4 form lets...

• the government know how much you paid in taxes last year

• your employer know how much to withhold from your paycheck

• the 3 major credit bureaus know how many dependents you have

• you know how much you paid in taxes last year