Payroll Method

Which of the following would be considered a dependent?

• A 50 year old Real Estate Agent

• A 25 year old Lawyer

• A 12 year old Student

• None of the above

Which of the following forms tells your employer how much to withhold for federal taxes?

• I-9

• W-4

• W-2

• None of the above

Which of the following forms is a summary of all of the taxes you paid and all of the income you have made for the year.

• I-9

• W-4

• W-2

• None of the above

What happens if you overpay your taxes?

• Nothing

• You receive a tax break the following year

• You are exempt from taxes

• You receive a tax return

What does it mean to be tax exempt?

• You do not have to pay any tax

• You do not have to pay Social Security tax

• Your parents pay your tax

• You do not have to pay federal tax