Taxes

Earning income can consist of salaries, wages, tips, and more.

• True

• False

Taxes help pay for government services like roads, education, the military

• True

• False

Tax money that is collected, is a major source of:

• money to spend on video games

• lunch money

• state or government revenue

__________ go towards things like education, building and repairing roads and bridges, and providing health coverage to low-income families?

• Benefits

• Taxes

• Deposit

Each year by __________, tax paperwork and possible payments must be sent in or “filed”.

• April 5

• May 15

• April 15

Your employer will send you a _______ form up to a few months before, which has a report of how much you earned that year.

• Timesheet

• W2

• 1040

If you own your own business or are an independent contractor, you will use get a _______ form.

• timesheet

• W2

• 1099

When you file your taxes, you will use a ________ form.

• Timesheet

• W2

• 1040

You cannot hire an expert to file your taxes, you MUST file your taxes by yourself using a tax preparation website.

• True

• False

Depending on how much money your employer took out of your paychecks, you might owe more money to the government when you file your taxes. (Tax Payment)

• True

• False