Review on Taxes So Far

What's the name of the tax form that is filled out when you get a new job and it tells the IRS how much to take out in taxes each paycheck?

• W-2

• I9

• W-4

• 1040

Payroll Taxes consist of 2 taxes, what are they?

• Medicare & Sales Tax

• Social Security & Medicare

• Sales Tax & Property Tax

• Social Security & Property Tax

What's the name of the tax form that you receive by Jan 31st from your job that shows how much you made for the year and how much you paid in taxes?

• W-2

• I9

• W-4

• 1040

Federal Income Taxes that you file each year if you had a job are what type of tax?

• progressive

• regressive

Sales tax is what type of tax?

• Federal

• State

• Local

Which payroll tax is used to provide health insurance for elderly people?

• Medicare

• Sales Tax

• Social Security

• Property tax

Which payroll tax is used to provide income for retired people or people with a permanent disability ?

• Income Tax

• Social Security

• Payroll

• Medicare

What is the tax form that you fill out when you start a new job that requires 2 forms of ID and proves you are eligible to work in the US?

• W-4

• 1099

• W-2

• I9

What is the tax form that is used to file your income taxes?

• 1099

• W-2

• 1040

• W-4

What percentage of American's paycheck goes to Social Security tax?

• 6.2%

• 1.5%

• 3%

• 3.2%