Understanding 1040 Tax Form

Which tax form is used  to provide information about your previous year's pay and deductions from that year?

• W2
• W4
• 1040A
• 1099-INT

Who is responsible for providing the W2 form?

• You
• Your Employer
• Your bank
• The IRS

Which tax form is used to tell your employer the amount of allowances you will be claiming?

• W2
• W4
• 1040EZ
• 1099-INT

Who is responsible for filling out a W4 form?

• You
• Your employer
• Your Bank
• The IRS

Which tax form should you use if you make less than $100,000 per year, do not itemize your deductions and have an interest income that is less than $1500 for the year (hint: the simplest tax form to complete)?

• 1040 EZ
• 1040 A
• 1040
• 1040 B

When is tax day?

• January 1st
• April 1st
• April 15th
• December 31st

This is money subtracted from your gross income.

• tax deduction

• tax credit

You use this form if you are self-employed or have your own business.

• W-2

• W-4

• 1040

• 1099

You use this form to file your taxes.

• W-2

• W-4

• 1040

• 1099

When is tax day?

• January 1st
• April 1st
• April 15th
• December 31st