Ch 23 Paychecks and Taxes TEST Review

The form that shows the wages an employer paid a worker in the previous year.

• dependent
• FICA
• W-2 form
• W-4 form
• IRS

Someone who relies on a taxpayer for financial support, such as a child or a nonworking adult.

• dependent
• FICA
• W-2 form
• W-4 form
• IRS

A length of time for which an employee's wages are calculated.

• FICA
• gross pay
• IRS
• net pay
• pay period

The form new employees must fill out to determine how much of their pay will be withheld for taxes.

• dependent
• FICA
• W-2 form
• W-4 form
• IRS

The total amount of money earned during a pay period.

• FICA
• gross pay
• IRS
• net pay
• pay period

The agency that enforces tax laws and collects taxes.

• FICA
• gross pay
• IRS
• net pay
• pay period

Indicates deductions for social security taxes on a paycheck stub.

• dependent
• FICA
• W-2 form
• W-4 form
• IRS

The amount of money left after all deductions are taken from gross pay.

• FICA
• gross pay
• IRS
• net pay
• pay period

Which tip for filing tax returns is not correct?

• make a copy of the return before sending it
• avoid tax preparation software
• check math carefully before sending a return
• Keep all financial records together

If you earn $12.25 per hour, you work 18 hours, and total deductions are $46.50, your gross pay is ____________.

• 220.25
• 220.5
• 174
• 267