Taxes - Unit Test

Taxes - Unit Test

12th Grade

18 Qs

quiz-placeholder

Similar activities

Design your website

Design your website

7th - 12th Grade

20 Qs

INTERNET CONNECTION

INTERNET CONNECTION

12th Grade

13 Qs

flowol week 3

flowol week 3

9th - 12th Grade

17 Qs

2.3.1 Graph Traversal & Path Finding Algorithms

2.3.1 Graph Traversal & Path Finding Algorithms

12th Grade - University

20 Qs

Problem Solving : Design Solution

Problem Solving : Design Solution

12th Grade

15 Qs

IP-адрес безопасности

IP-адрес безопасности

8th Grade - Professional Development

15 Qs

Virtual Private Server

Virtual Private Server

12th Grade

15 Qs

Security and Ethics

Security and Ethics

9th - 12th Grade

17 Qs

Taxes - Unit Test

Taxes - Unit Test

Assessment

Quiz

Computers

12th Grade

Practice Problem

Easy

Created by

TONYA VOWELS

Used 20+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Normally, you must file your federal taxes by April 15th or request an extension from the IRS

True
False

2.

MULTIPLE CHOICE QUESTION

1 min • 3 pts

What does the term "withholding" mean in reference to your paycheck?

It is the amount of your paycheck that you are NOT being taxed on.
It is how much is being taken out of your paycheck in taxes.
It is how much you are going to owe the government when you file your annual tax return.

3.

MULTIPLE CHOICE QUESTION

1 min • 3 pts

When do you start paying income taxes?

When you turn 18
When you make more than the minimum income requirement

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why is it important to be extremely careful when completing your 1040 form?

The 1040 form determines whether you owe additional taxes or are entitled to receive a refund from the government
Mistakes on your 1040 form make you ineligible for employment during the next year

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the statements below is TRUE about filing your taxes, assuming your only income comes from the salary you earn at BigTech Company?

You need to file your tax return by the end of the calendar year (typically December 31st)
You must file your tax return by the deadline (typically April 15th of the following year) or request an extension by that date

6.

MULTIPLE CHOICE QUESTION

1 min • 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?

W-2
W-4
I-9
1040

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following paycheck withholdings puts money into a retirement investment fund that you will manage?

401(k) contribution
Federal income taxes

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?