Income taxes

This form states the amount of money a person earned and the amount of taxes paid throughout the previous year. It is used to complete income tax forms for the IRS.

• W2

• W4

• I9

• 1040EZ

How often do you need to file your taxes?

• Once a month
• Once a year
• Every paycheck
• quarterly

The government agency in charge of collecting tax.

• FICA
• IRS
• NBA
• SEC

Which of the following is an example of a federal tax return?

• Form 1040EZ
• W-2
• W-4
• Form 10-K

What can happen if you don't file/pay taxes?

• You can get fined
• You can own back taxes
• You can go to prison
• All of the above

Which federal income tax form should a single person, with no dependents file?

• 1040ez

• 1040

• 1099

• Schedule A

How many exemptions can a couple with 3 dependent children claim?

• 4

• 5

• 3

• 6

A form used to report income and tax data. Needed to file taxes. This form is also sent to the IRS.

• Form W4

• Form W2

• Form 1099

• Form 1040

If you use a tax rule to your advantage to lower your tax burden, you are using

• tax evasion

• tax avoidance

• tax advantage

• tax pension

A(n) ____________________ was an amount of income per person that is free from tax. As of 2018, this is no longer used in our federal taxes.

• deduction

• exemption

• credit

• not listed

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