Calculating W-2 Forms, Tax Payments and Refunds

John’s employer withheld $10,556.95 in federal income tax.  After completing his return, John determined that his tax is $10,974.42.  Will John get a refund or does he owe the government money? How much?

• Refund

  417.25

• Owe

  417.25

• Refund

  417.47

• Owe

  417.47

Tags

CCSS.7.NS.A.3

Sarah’s employer withheld $9,254.85 in federal income tax.  After completing her return, Sarah determined that her tax is $8,657.36.  Will Sarah get a refund or does she owe the government money? How much?

• Refund

  597.49

• Owe

  597.49

• Refund

  607.49

• Owe

  607.49

Tags

CCSS.7.NS.A.3

Beth is single with a taxable income for last year of $75,265. 

Her employer withheld $14365 in federal taxes. Use the table to see what she will owe in taxes. Will Beth owe taxes or will she get a refund? How much?

• refund

  $2859

• owe

  $2859

• owe

  $798

• refund

  $798

Tags

CCSS.7.RP.A.3

Seth is married filing jointly with a taxable income for last year of $75,852. 

His employer withheld $12,365 in federal taxes. Use the table to see what he will owe in taxes. Will Seth owe taxes or will he get a refund? How much?

• refund

  $2948

• owe

  $2948

• owe

  $709

• refund

  $709

Tags

CCSS.7.RP.A.3

A taxpayer with an annual Social Security tax of $6584 has a gross annual salary

of  $   __________. (Box 3 of a W-2)

(Look at 7-3 notes on how to calculate wages when given taxes)

• $106,193.55

• $454,068.97

• $408.21

• $1058.59

Tags

CCSS.7.RP.A.3

A taxpayer with an annual Medicare tax of $838 has a gross annual salary of 

$   __________. (Box 5 of a W-2)

(Look at 7-3 notes on how to calculate wages when given taxes)

• $8,838.71

• $57,793.10

• $54,859.14

• $13,516.13

Tags

CCSS.7.RP.A.3

If a taxpayer has an annual income of $58,659, what will they pay in Social Security taxes?

• $4536.85

• $850.56

• $3636.86

• $957.25

Tags

CCSS.7.RP.A.3

If a taxpayer has an annual income of $87,659, what will they pay in Medicare taxes?

• $5434.85

• $5434.86

• $1271.05

• $1271.06

Tags

CCSS.6.RP.A.3D

Breanna’s employer withheld $12,956 in federal income tax.  After completing her return, Breanna determined that her tax is $13,557.  Will Breanna get a refund or does she owe the government money? How much?

• Refund

  $611

• Owe

  $611

• Refund

  $601

• Owe

  $601

Tags

CCSS.7.NS.A.3

Frank’s gross pay for the week was $1570. His deductions on his paycheck include: federal tax, $266.12, state tax $8.03, city tax $3.01, medicare $22.77, social security, 97.34, retirement insurance $6.12 medical insurance $12.05. What was Frank's net pay?

• $1154.56

• $1025.23

• $904.56

• $1165.25

Tags

CCSS.6.NS.B.3