Tax Forms and Information

Tax Forms and Information

9th - 12th Grade

15 Qs

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Tax Forms and Information

Tax Forms and Information

Assessment

Quiz

Business, Life Skills, Mathematics

9th - 12th Grade

Practice Problem

Easy

Created by

Kimberly Hanson

Used 16+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What tax form do you fill out when you get hired on at a new job?

W-2

W-4

WD40

1040EZ

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is tax season?

September-December

July-October

November-March

January-April

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do credits do in regards to your taxes?

Credits add taxable amounts on to your income.

Credits directly reduce the amount of taxes you owe.

Credits give you cash immediately when you file them.

Credits take away all federal withholdings from your taxes.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What form does your employer give you at the beginning of tax season?

1040

1099W

W-2

Credit Card

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What tax form can you get from you college or university?

1098-T

WD40

1865-F

625-B

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do deductions do in regards to your taxes?

Deductions multiply the amount of pay by 6 each paycheck you get.

Deductions are found by dividing your gross income by your net income.

Deductions are another word for fines.

Deductions reduce the income that you actually have to pay taxes on.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do you fill out a 1040 or a 1040EZ?

To let the tax professional know you are serious.

To make sure that you have correctly filed your taxes.

To report all of your credits and deductions on your taxes.

To give your employer your tax information.

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