PF INCOME TAX PREPARATION

A tax credit has a greater impact on reducing a tax bill than a tax deduction.

• True

• False

If you are in business for yourself, you can't pay your taxes until the end of the year.

• True

• False

Adjusted gross income is your amount of income after your personal standard deduction is subtracted.

• True

• False

If your final tax bill to the IRS is GREATER than the $ amount withheld from your check for income taxes, you will OWE the government money.

• True

• False

Another name for being "in business for yourself" is the

• capital market.

• professional market.

• gig economy

• free economy

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

When a person drives for Uber, you do not have to file income taxes.

• True

• False

A ________ form is used by everybody who has a regular job.

• 1099

• 1040

• 1098

• W-2