Taxes

These types of taxes take a percentage of your paycheck. The more you make , the more that is take out.

• Sales Tax

• Income Tax

Money that the government collects from people and businesses.

• Income

• Tax

Why do we need to pay taxes?

• To collect money to run the government,

• To collect money to buy car.

Taxes are used for ...

• All are correct

• Schools

• Hospitals

• Police

Q1. Which tax form is used to provide information about your previous year's pay and deductions from that year?

• W2

• W4

• W9

• W2021

When is a W4 form filled out?

• Right before you file your taxes
• When you quit a job
• When you start a job

Which tax form provides information on how much you have earned in interest on your savings tools, such as savings accounts?

• W2
• W4
• 1040
• 1099-INT

When is tax day?

• January 1st
• April 1st
• April 15th
• December 31st

Gross wages are?

• The amount before deductions

• The amount after deductions

• The sum of all your taxes

• The amount you make over a year

What is the first document an employer will have you complete?

• 1040
• 1040EZ
• W4
• W2