Unit 2 Earning Income Test Review Fall 2024

Unit 2 Earning Income Test Review Fall 2024

9th - 12th Grade

20 Qs

quiz-placeholder

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Unit 2 Earning Income Test Review Fall 2024

Unit 2 Earning Income Test Review Fall 2024

Assessment

Quiz

Financial Education

9th - 12th Grade

Practice Problem

Medium

Created by

Kevin Schumacher

Used 12+ times

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20 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Amount of pay earned before any taxes or deductions is called ______ income

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Amount of pay earned after taxes and deductions

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which summary income tax form is given to people who earn income through a "normal" job such as working for Apple?

W2

1099

1040EZ

TI-87

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the purpose of tax forms 1099 and W2?

Shows summary of income so you can file your taxes

Tell you how much in taxes you owe

Calculates Sales Tax for a business you own

Shows you how much of a refund you should expect

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Which tax is paid for by employees and employers and is used to pay for insurance of retired Americans?

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which type of worker performs an activity where they make money for on demand work

Salaried

Hourly

Gig

Social

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which is not an example of a gig economy worker

Driving for Uber/Uber Eats

Instacart Shopping

Selling items on Etsy

Working for a school district

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