Unit 1-3 Test

Unit 1-3 Test

9th - 12th Grade

23 Qs

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Unit 1-3 Test

Unit 1-3 Test

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Taylor Pennington

Used 33+ times

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23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The W-4 form, completed by you at the start of your job, 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

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Jess is 21, in college, and has a job that provides 65% of her support. Is she a dependent?

Yes

No

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which item would you DEFINITELY see on a paystub?

Retirement

Healthcare

Gross Pay

Your occupation/role

4.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Which of the following is FALSE about the W-2 form?

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

It lets you know how much you earned last year

It lets you know how much was withheld from your paychecks

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What do you need to file your 1040 form?

Your W2

Your W-4

Your prior year's tax return

7.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Which is TRUE about earned income and unearned income?

Earned is how much you make from a job

Earned is any money you make in interest, dividends, etc.

Unearned is any money you make in interest, dividends, etc.

Unearned is how much you make from a job

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