Taxes Test

Which form shows your total wages and withholdings for the previous year?

• W-1

• W-2

• W-3

• W-4

Which form do you need to file your taxes?

• 1040

• 4010

• 1004

• 4001

The official date for when taxes are due

• January 15

• February 15

• April 15

• July 15

When you receive a new job, you are mandated to file a

• Complaint

• Divorce

• W-4

• 1099

When you are ready to file for taxes you must have form

• W-2

• W-6

• WD40

• W-2484

When filing for taxes, the you will either receive money or have to pay in. Receiving money means you get a...

• Tax write-off

• Taxation

• Tax return

• Tax exemption

Beth found out that she owes money to the IRS after filing her tax return. What is the most reasonable explanation as to why she owes money in taxes?

• Too much money was withheld from her paychecks.

• Not enough money was withheld from her paychecks.

• The IRS is asking Beth for a future advance on her possible taxes for next year.

• She didn't work enough

What does the term "withholding" mean in reference to your paycheck?

• The amount of your paycheck that you are NOT being taxed on.

• The amount of money taken out of your paycheck in taxes.

• How much you are going to owe the government when you file your annual tax return.

• It is how much you earn and includes salary, bonus and commissions.

When do you start paying taxes?

• When you turn 18

• Once you get a job with taxes taken out of your paycheck

• When you get a full-time job (part-time dose not count)

• When you are notified by the IRS that you are required to pay federal income taxes

Which of the following describe what a "dependent" is for tax purposes?

• Someone under the age of 19 who you financially support who lives with you

• Someone who is temporarily disabled

• Someone who financially supports you

• Someone who is a full-time student under the age of 30.