Understanding Taxes Quiz

What are the four types of taxes?

Which one of those taxes are determined by local governments?

Which two types of taxes are divided equally and paid by both the employer and the employee?

List two things that taxes are used to pay for.

What are the three ways you can file taxes?

How many people can claim you?

When starting a new job, you are given a W4 to complete which identifies your marital status and number of dependents in order to determine how much you will have to pay in taxes. Then, at the end of each year, what form is given to you so that you can file your taxes?

Define 'Gig Economy'?

If your gross income is $75,000 annually, how much would your monthly gross be?

If your gross income is $75,000 annually, and your taxes is 24%, how much would you pay in taxes?