Taxes 2/8/24

What can happen if you don't file/pay taxes?

• You can get fined
• You can own back taxes
• You can go to prison
• All of the above

The primary sources of income for young people between 18 and 30, who are not living on a pension (retirement) or social security are?

• Profits from businesses they own.
• Dividends and interest from investments
• Rents
• Wages, Salaries, and Tips

Who is responsible for filling out a W4 form?

• You
• Your employer
• Your Bank
• The IRS

Why do people fill out I-9 forms? 

• To prove they were born in the US
• To prove they can work in the US
• For their taxes
• To take out the right amount of money out of their taxes

Total money you earn before taxes and other deductions.

• Salary

• Net income

• Gross income

• Wages