W4, W2, and Taxes

When do you complete a W4 form?

• When you quit a job.

• April 15th

• When you start a new job.

• You don't!

The total amount you earn before any deductions are subtracted is called __________ pay.

• Bonus
• Gross
• Incentive
• Net

Tags

CCSS.6.NS.B.3

Rate × Hours Worked =         

• Net Pay
• Overtime Pay
• Incentive Pay
• Gross Pay

Tags

CCSS.6.RP.A.3B

Some deductions are required by law, but others are optional.

• True
• False

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Which of the following is not a required deduction?

• Federal Income Tax
• Savings Deposits
• State tax
• Social security Tax

Annual salary is the amount of money you are paid..

• Monthly
• Semi-Monthly
• Bi-Weekly
• Yearly

Tags

CCSS.6.RP.A.3B

Net income is:

• the total amount of money you earn before deductions.
• the amount of money you receive AFTER deductions are subtracted from your gross income
• a debt or money that is owed to someone.
• the hourly rate of pay

A deduction is

• gross income

• money added to your income

• net income

• money taken out of your income

Every taxpayer can at least take the standard deduction?

• True

• False

What day are taxes due?

• January 1

• February 14

• April 15

• December 31