Math in Action Taxes

The United States operates on a flat tax rate?

• True

• False

A __________ must be provided to employees by the end of January so that they can file their federal income tax.

• w2

• 1040ez

• w9

• w4

Single and married filers have different income brackets for the same tax rates

• True

• False

Which of these is not a filing option for paying your taxes?

• Single

• Married

• Head of Household

• Dependent

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

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