PF/P B Exam Review

PF/P B Exam Review

12th Grade

•

36 Qs

quiz-placeholder

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PF/P B Exam Review

PF/P B Exam Review

Assessment

Quiz

•

Social Studies

•

12th Grade

•

Medium

Created by

Dustin Webb

Used 3+ times

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36 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

Who primarily uses our tax money? (hint: choose 2 correct answers)

Your employer

The state government

The Federal government

Local Businesses

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

The W-4 form lets...

the government know how much you paid in taxes last year

your employer know how much to withhold from your paycheck

the 3 major credit bureaus know how many dependents you have

you know how much you paid in taxes last year

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

What item would you DEFINITELY see on a paystub?

Retirement

Healthcare

Gross Pay

Your occupation/role

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

By claiming "exempt" on the W-4 form...

You are paying all income taxes upfront at the START of the year.

You are requesting an extension to file your taxes

You will NOT have income taxes withheld from your paycheck.

You are paying all income taxes at the END of the calendar year.

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

True or False: All wages, tips, and bonuses are taxable unless specifically excluded.

True

False

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

Which of the following is FALSE about the W-2 form? (hint: choose 2 correct answers)

The W-2 is sent out in April of every year

It lets you know how much you earned last year

It lets you know how much was withheld from your paychecks

You get 1 W-2 form every year, even if you had multiple jobs

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Jason is 15 and earned $1450 at his job last summer. Should he file a tax return?

No, because he didn't earn enough.

No, because you have to be 16 and older to file taxes.

Yes, because he may get a refund.

Yes. You must file taxes even if you didn't earn enough.

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