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Paycheck & Taxes Vocabulary

Mathematics

11th - 12th Grade

CCSS covered

Used 6+ times

Paycheck & Taxes Vocabulary
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Statement from the bank showing interest earned that year.

W-2

W-4

1099-INT

1040 Form

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Form given to employee by Jan. 31 summarizing an employee's earnings and tax withholdings for the year.

W-2

W-4

1099-INT

1040 Form

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Form filled out on the first day of a new job indicating marital status, exemptions, and additional deductions.

W-2

W-4

1099-INT

1040 Form

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Date that your taxes need to be filed with the IRS each year.

January 31

February 28

April 15

October 4

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount of money you receive after deductions are taken out.

Gross Pay

Net Pay

Taxable Income

Tags

CCSS.6.RP.A.3B

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Federal government program that pays for retirement and disability benefits.

Medicare

Social Security

State Tax

Local Tax

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Federal Government program to pay for medical insurance for those that are 65+.

Medicare

Social Security

State Tax

Local Tax

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