Income Taxes

On (2021) 1040, what Line do I find the amount of my Refund from my Taxes?

• line 11

• line 35a

• line 20

• line 16

The W-2 form is used to...

• gather tax withholding information for an employee.

• purchase health insurance from an insurance marketplace.

• report an employee's annual income and taxes.

• verify that their RSU account is certified with another tax form.

Which state has the highest state income tax?

• Oregon

• California

• New York

• Hawaii

Is it true that the W-2 form will be available online by January 31st?

• True

• False

A tax on wages, salaries, tips, interests, rents, and capital gains and dividends from stocks.

• ad-valorem

• income tax

• sales tax

• property tax

The largest form of revenue for the Federal Government.

• taxes

• income tax

• sales tax

• property tax

These are the three main sources of tax revenue:

an obligatory contribution to state revenue

• compulsory

• levy

• taxes

• income

money received, especially on a regular basis, for work or through investments

• compulsory

• levy

• revenue

• income

Identify the correct sentence:

• A) Income taxes is a significant source of revenue for the government.

• B) Income taxes are a significant source of revenue for the government.

• C) Income taxes was a significant source of revenue for the government.

• D) Income taxes were a significant source of revenue for the government.