Financial Literacy | Topic 5, Lesson 1 & 2 Review

What date does the following events happen in the tax cycle?

First day of the calendar year. Your earnings for the year begin on this date.

• January 1st

• January 31st

• Whenever you start a new job

• December 31st

• April 15th

What date does the following events happen in the tax cycle?

Complete a W-4, indicating how much in taxes you'd like withheld from each paycheck.

• January 1st

• January 31st

• Whenever you start a new job

• December 31st

• April 15th

What date does the following events happen in the tax cycle?

Last day of the calendar year. Your yearly earnings are final after this date.

• January 1st

• January 31st

• Whenever you start a new job

• December 31st

• April 15th

What date does the following events happen in the tax cycle?

First day you can submit tax returns for the previous year.

• January 29th

• January 31st

• Whenever you start a new job

• December 31st

• April 15th

What date does the following events happen in the tax cycle?

Deadline for employers to mail W-2's to their employees.

• January 29th

• January 31st

• Whenever you start a new job

• December 31st

• April 15th

What date does the following events happen in the tax cycle?

Last day to submit income tax forms or to request an extension. AKA Tax Day!!

• January 29th

• January 31st

• Whenever you start a new job

• December 31st

• April 15th

What date does the following events happen in the tax cycle?

Deadline for filing federal and state income returns that have received extensions.

• January 29th

• January 31st

• October 15th

• December 31st

• April 15th

What tax form fits the following description?

I am received in January; There is one of me for every job you work; You can tell how much you earned and how much you paid in taxes by reading me.

• 1040

• W-2

• W-4

• 1099

• I-9

What tax form fits the following description?

I am received in January; You get me if you are not an employee but were paid by a company; You can also get me for other types of income, such as gains and losses in brokerage accounts, dividend and interest payments, and more; You probably didn't get taxes withheld if you got me, so you may have a big tax bill coming.

• 1040

• W-2

• W-4

• 1099

• I-9

What tax form fits the following description?

I am completed every April; Anyone can use me; Beware, there is a LOT to fill out

• 1040

• W-2

• W-4

• 1099

• I-9