C10L3

C10L3

12th Grade

14 Qs

quiz-placeholder

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8.4 - Filing Your Taxes

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12th Grade

11 Qs

C10L3

C10L3

Assessment

Quiz

Business

12th Grade

Hard

Created by

Aaron Munguia

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What form do employees fill out to estimate how much tax will be withheld from their paycheck?

Form 1099

Form 1040

Form W-2

Form W-4

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the deadline for filing your tax return for the previous calendar year?

January 31

March 15

April 15

June 30

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What penalty does the IRS impose for not filing a tax return?

10% of unpaid taxes per month

20% of unpaid taxes per month

15% of unpaid taxes per month

5% of unpaid taxes per month

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What document do employers provide by the end of January for tax purposes?

Form W-2

Form 8283

Form 1040

Form 1099

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if too much tax is withheld from your paycheck?

You owe more taxes

You get a refund

You pay a penalty

You receive a bonus

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the goal when filing taxes in terms of refund or payment?

To pay as much as possible

To owe a large amount

To get a large refund

To get as close to zero as possible

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the penalty for filing taxes more than 60 days late?

Minimum of $1000 or 150% of taxes owed

Minimum of $500 or 75% of taxes owed

Minimum of $200 or 50% of taxes owed

Minimum of $435 or 100% of taxes owed

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