Tax Reiew
Authored by Lynn Lambert
Life Skills
9th - 12th Grade
Used 1+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term 'withholding' mean in reference to your paycheck?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When do you start paying taxes?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to be extremely careful when completing your 1040 form?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are starting your first job and you are asked to complete some paperwork on your first day. Which form will determine how much money is withheld from your paycheck for federal and state income taxes?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following paycheck withholdings puts money into a retirement investment fund that you will manage?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When determining whether you NEED to file a federal tax return, each of these questions matters EXCEPT…
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Juanita has a part-time job that pays $12/hour and works about 50 hours every month. Her withholdings are Social Security (6.2%), Medicare (1.45%) and federal income tax (10%). What is her approximate net pay?
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