Taxes Part 1 & 2 Quiz

The form used to file annual income tax is called _______.

• 1040

• W-2

• 1099

• Schedule C

Fill in the blank: The form that details non-employee compensation is called _______.

• 1099

• W-2

• 1040

• W-4

Fill in the blank: The form used to verify an employee's identity is called _______.

• I-9

• W-2

• 1040

• W-4

Fill in the blank: The form used to report annual wages and taxes is called _______.

• W-2

• W-4

• 1099

• 1040

Fill in the blank: The form used to indicate tax situation is called _______.

• W-4

• W-2

• 1040

• 1099

Fill in the blank: The portion of wages not included in a paycheck due to taxes is called _______.

• Withholding

• Gross Pay

• Net Pay

• Bonus

Someone you financially support and can claim on a tax return is called a _______.

• Dependent

• Beneficiary

• Sponsor

• Guarantor

Fill in the blank: An annual report summarizing income and taxes is called a _______.

• Tax Return

• Financial Statement

• Balance Sheet

• Income Statement

Fill in the blank: The amount given back to a taxpayer who overpaid is called a _______.

• Tax Refund

• Tax Penalty

• Tax Invoice

• Tax Deduction

Fill in the blank: An inspection of a tax return by the IRS is called an _______.

• Audit

• Review

• Assessment

• Examination