Basic Life Skills Questions

Why does the IRS take money out of your paycheck? 

• For taxes to help run the government, schools, military, etc.
• For a savings account
• Only for Social Security
• Only for the military 

Tags

CCSS.7.RP.A.3

Does everyone who works have to pay taxes?

• Yes
• No
• Maybe
• Sometimes

What happens if you have too much money taken out of your paycheck?

• You have to pay money to IRS next year
• You get money back from the IRS next year
• Nothing, they ignore it
• They fine you

Tags

CCSS.7.RP.A.3

What happens if you don't have enough money taken out of your paycheck?

• You have to pay money to IRS next year
• You get money back from the IRS next year
• Nothing, they ignore it
• They fine you

Who is a dependent?

• A child that doesn't live with you
• A person who lives with you full time and you take care of
• A husband or wife
• Your child if they live with your girlfriend or boyfriend 

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Should you choose single or married if you have a boyfriend or girlfriend?

• Single
• Married
• It depends if you love them or not
• It depends if you live with them

Tags

CCSS.RI.11-12.3

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

The ________ is the form you complete to tell how much in taxes should be taken from your pay check each pay period. When you get a job, you will be required to complete this form.

• W - 2

• W - 4

• 1040EZ

Tags

CCSS.RI.11-12.3

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Which of the following would NOT be considered a dependent?

• Deontae is 17 years old and a full - time high school student.

• Evan is 10 years old and lives at home with his parents.

• Larian is 20 years old and works full - time.

The ________ form gives you information from your employer that is needed to complete your federal and state income tax returns.

• W - 2

• W - 4

• 1040EZ

Tags

CCSS.RI.11-12.3

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

What is the due date for filing your Income Tax Returns?

• December 31st

• January 31st

• April 15th