Tax and Employment Quiz

You recently accepted a new job and your first day is next week. What forms will you have to complete before you receive your first paycheck?

• W-2

• 1040

• 1099

• W-4

• I9

You were unable to file your taxes before the April deadline and your application for an extension was approved. What month was your deadline extended to?

• May

• October

• December

• January

All of the following people can be claimed as a dependent for tax purposes EXCEPT...

• A 23 year old college student whose parents pay all of their expenses

• A 17 year old high school student with a part-time job whose parents pay for all of their expenses

• A 20 year old college student with a paid internship who pays for all of their own expenses

• A 19 year old cousin with no job who has lived in your parent/guardian's house for the last year while attending college

You are required to file a tax return in all of the following scenarios EXCEPT...

• You made $25,000 working a full-time job

• You made $3,000 from investments in the stock market

• You were self-employed and made $2,500

• You made $9,000 working a part-time job

What are items found on a W2?

• 1. Wages, tips, and other compensation

• 1. Federal taxes withheld

• 1. Sales taxes paid

• 1. FICA taxes withheld

• 1. State taxes withheld

1. If you’re looking to pay as little as possible to file your taxes BUT you’re worried about making mistakes, which tax preparation method would be your best option?

• Do-it-yourself paper filing

• Online tax preparation service

• Hiring a tax professional

• Requesting the IRS complete your taxes for you

When is Tax Day?

(a)  

The form employers must provide to employees by January 31 of each year that gives annual income and withholding information. (Income money received from wages and salaries, rent, interest, and profit) is?

• Form W - 2

• Form W - 4

• Employment Status Form

• Form-L occasion

A tax form filled out by an employee to indicate the amount that should be withheld from his/her paycheck for taxes

• Form W-1

• Form W-2

• Form W-3

• Form W-4

Who is considered an alien on an I-9 form?

• A person who is not a citizen
• A person who is a citizen through naturalization
• A child under 18
• An adult over 18