W-2 Forms

W-2 Forms

12th Grade

20 Qs

quiz-placeholder

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W-2 Forms

W-2 Forms

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Medium

CCSS
7.RP.A.3, RI.11-12.7, 6.NS.B.3

+8

Standards-aligned

Created by

Marisa Pruitt

Used 7+ times

FREE Resource

About this resource

This quiz focuses on understanding and interpreting W-2 tax forms, making it appropriate for grade 12 students studying personal finance and tax literacy. Students need to demonstrate their ability to read and extract specific information from tax documents, including identifying employer information like EIN numbers, calculating gross wages and various tax withholdings, and understanding the difference between gross and net pay. The questions require students to perform percentage calculations to determine tax rates, analyze different types of tax withholdings (federal, state, local, Social Security, and Medicare), and understand the timing and purpose of tax document distribution. Students must also grasp fundamental tax concepts such as the difference between taxes withheld and taxes owed, how tax refunds are calculated, and the various boxes and their purposes on the W-2 form. This assessment evaluates both computational skills and practical financial literacy that students will need as working adults. Created by Marisa Pruitt, a Mathematics teacher in the US who teaches grade 12. This quiz serves as an excellent tool for formative assessment or review when teaching personal finance units focused on employment and taxation. Teachers can use this as a warm-up activity after introducing W-2 forms, assign it as homework to reinforce document interpretation skills, or implement it as a practice exercise before students complete actual tax preparation activities. The quiz effectively bridges mathematical computation with real-world financial literacy, making it valuable for both mathematics and social studies classrooms. This assessment aligns with standards such as CCSS.MATH.CONTENT.HSA.CED.A.3 for representing real-world constraints mathematically, and personal finance standards that emphasize understanding employment documents and tax obligations that students will encounter in their adult lives.

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Media Image

What do you know about Lily’s employment?

Lily earned minimum wage plus tips

Lily worked at Scoops Ice Cream in 2024

Lily worked during every month of 2024

Lily’s annual net pay (take-home pay) was $17,780 after taxes

Tags

CCSS.RI.11-12.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.9-10.7

2.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Media Image

  1. Lily uses a tax filing software that asks for her Employer’s Identification Number (EIN). What is it?

  1. 123-45-6789

  1. 987654321

  1. 00122234001

  1. 1545-0008

3.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Media Image

  1. What tax information is NOT included on this W-2?

  1. Gross wages earned

  1. Federal income taxes she’s already paid

  1. State income taxes she’s already paid

  1. Income earned from her investments

4.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Media Image

  1. What were Lily’s gross wages from this employer for this period?

  1. $1,102.36

  1. $1,600.20

  1. $17,780.00

  1. $20,220.67

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Media Image

  1. What was the largest withholding on Lily’s W-2?

  1. Medicare tax

  1. Federal income tax

  1. State income tax

  1. Social security tax

Tags

CCSS.6.NS.B.3

6.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Media Image

  1. Based on this W-2, which of the following statements is TRUE?

  1. Lily is contributing to a 401(k) retirement through her employer

  1. Lily works in the state of Indiana, which has a state income tax

  1. Lily’s taxable wages are much larger at the federal level than at the state or local level

  1. Lily earned less than $14,600 (which is the standard deduction amount)

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Media Image

  1. While filing, Lily finds out that her total federal income tax due was $318. Based on her federal income tax withheld, how much of a tax refund can she expect?

  1. $318.00

  1. $1,282.20

  1. $1,600.20

  1. $2,642.37

Tags

CCSS.7.NS.A.3

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