W-2 Forms
Quiz
•
Mathematics
•
12th Grade
•
Practice Problem
•
Medium
+8
Standards-aligned
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
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
Lily uses a tax filing software that asks for her Employer’s Identification Number (EIN). What is it?
Lily uses a tax filing software that asks for her Employer’s Identification Number (EIN). What is it?
123-45-6789
987654321
00122234001
1545-0008
3.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
What tax information is NOT included on this W-2?
What tax information is NOT included on this W-2?
Gross wages earned
Federal income taxes she’s already paid
State income taxes she’s already paid
Income earned from her investments
4.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
What were Lily’s gross wages from this employer for this period?
What were Lily’s gross wages from this employer for this period?
$1,102.36
$1,600.20
$17,780.00
$20,220.67
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
What was the largest withholding on Lily’s W-2?
What was the largest withholding on Lily’s W-2?
Medicare tax
Federal income tax
State income tax
Social security tax
Tags
CCSS.6.NS.B.3
6.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Based on this W-2, which of the following statements is TRUE?
Based on this W-2, which of the following statements is TRUE?
Lily is contributing to a 401(k) retirement through her employer
Lily works in the state of Indiana, which has a state income tax
Lily’s taxable wages are much larger at the federal level than at the state or local level
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
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?
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?
$318.00
$1,282.20
$1,600.20
$2,642.37
Tags
CCSS.7.NS.A.3
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