Tax Quiz

Not filing a tax return is a crime.

• True

• False

Tags

CCSS.RL.11-12.6

_________________ is the primary source of revenue for the federal government.

• Individual income tax

• food stamps

• sales tax

• airlines

Individuals must file a tax return when...

• their income reaches a level set by the IRS

• it will happen automatically

• they feel like it

• On Christmas eve

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

The Wage and Tax Statement, which shows a person’s earnings and the amounts of income, is also known as the Form _-_.

• W-2

• W-4

• 1099

• I-9

The Employee’s Withholding Allowance Certificate is a federal tax form that is also called the _____.

• W-2

• W-4

• 1099

• I-9

Unearned income is...

• earnings from sources other than work (ex: lottery winnings, interest, rent income)

• the income received from employment, including self-employment

Taxable income is the amount on which taxes are calculated.

• True

• False

What is this form?

• w2
• w4
• 1040
• 1040ez

If Mike worked 32 hours and earns $10/hour,  
his ______ is $320.

• Hourly Pay
• Gross Pay
• Net Pay
• Deductions

Tags

CCSS.7.EE.B.3

What is the program that extends health coverage to almost all Americans age 65 and over?

• social security
• taxes
• income tax
• medicare

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5