Mod 1 Lesson 3 Blended EPF review

Standard tax form you fill out to determine if you get a refund or if you still owe the government.

• IRS Form W-2
• IRS Form 1099
• IRS Form 1040

What does the Federal Government spend the most of its funding on?

• Infrastructure projects
• Mandatory spending programs (health programs like Social Security, Medicare, Medicaid), military, interest on debt

• Education funding

what tax form shows your income and the amount of taxes deducted for the year?

• W-2 form
• 1099 form
• Form 1040

what category of tax places a higher percentage rate of taxation on high-income earners than on low-income earners

• Regressive tax
• Progressive tax
• Flat tax

tax form completed by an employee in the United States to indicate his or her current tax situation to the employer

• W-4 form
• 1099 form
• W-2 form