taxes and form 1040

What do you need to file your 1040 form? (hint: choose 2 correct answers)

• Your W-2

• Your W-4

• Your prior year's tax return

• Social Security Number

When do employers send your W-2 Form? 

• By January 31 each year. 
• Whenever it is requested.
• By April 15 each year.
• By December 31 each year.

Based on the 2019 tax table, what is the fedaral income tax rate of a person filing single with an income of $36,070/year?

• $4129

• $368

• $4141

• $4135

According to the 2019 tax table, married individuals with an income of $65,500/yr filing joint returns pay which federal income tax rate?

• 15%

• $10,274

• $7,475

• $$7,415

Based on the 2019 tax table, what is the federal income tax rate of a person filing single with an income of $8,911/year?

• $898

• $893

• $12,200

• $888

When you are hired for employment, what form do you fill out to determine the amount of allowances to be taken out of your paycheck? 

• W-2
• W-4
• 1040EZ
• 1099

What document do you use to determine your TAX responsibility after the standard deduction is subtracted?

• Tax Table

• W-2

• Allowance Table

• 1040

What is the tax rate removed through payroll tax for Medicare?

• 1.65%

• 1.25%

• 1.45%

• 150%

When is a W4 form filled out?

• When you file your taxes
• When you quit a job
• Right before you start a job

The amount of your income or paycheck after any deductions – like taxes or insurance payments that are subtracted. This is your take-home pay.

• Net Pay

• Gross Pay

• Income Tax

• Social Security Tax