EverFi Employment and Taxes

The tax form you fill out to determine how much money should be withheld from your paychecks to pay your taxes.

• W-2

• W-4

• 1040

• 529

The tax form your job gives you that lists all your income and taxes you paid throughout the year. Use this form to help fill out your taxes

• W-2

• W-4

• 1099

• 529

A retirement account that your job sponsors and often will help contribute to.

• 401k

• 1099

• 1040

• 529

Which of these is NOT a benefit you considered in this EverFi?

• Health Insurance

• Paid Time Off / Sick Days / Vacation Days

• 401k Retirement Plan

• Free Laptop and office with a window

Besides the monetary compensation you get from your job, you should consider the ___________ the job offers.

• Benefits

• Salary

• Paycheck

• Taxes

The total amount of money earned BEFORE taxes and deductions are taken out

• Gross Pay

• Net Pay

• Take Home Pay

• Real Pay

The total amount of money you earn AFTER taxes and deductions are taken out. Sometimes called your take home pay

• Net Pay

• Gross Pay

• Real Pay

• Payday

All of the following can be considered dependents that lower your taxes EXCEPT...

• pets

• babies

• teenagers

• older family members that live with you

The government agency that is responsible for collecting taxes and enforcing tax laws.

• IRS

• FED

• FDIC

• President

You can do your taxes all of the following EXCEPT

• online

• paper

• with a professional

• having your boss do it for you