TAXES ASSESSMENT

Refer to the W-2 Wage and Tax Statement form shown above. How much money did Nicole earn this year?

• $1,754.23

• $25,685.23

• $1,853.23

• $456.23

Refer to the W-2 Wage and Tax Statement form for Nicole Jones. How much federal income tax has Nicole already paid from her paychecks this year?

• $1,754.23

• $25,685.23

• $1,853.23

• $456.32

How much state income tax has Nicole already paid from her paychecks this year?

• $1,754.23

• $1,592.48

• $456.32

• $372.44

Did Nicole participate in her employer's retirement plan?

• Yes

• No

How much tax would a single taxpayer with $5,425 in taxable income pay?

• $528

• $538

• $548

• $543

How much tax would a married couple filing jointly with $8,200 in taxable income pay?

• $823

• $818

• $848

• $853

What is the name of the form you use to file your federal income taxes; it shows if you underpaid or overpaid?

• W-2

• 1099

• Form 1040

• W-4

What information is typically found in Box 1 of a W-2 form?

• Social Security Wages

• Total wages and compensation after deductions

• Total wages and compensation before deductions

• Federal income tax withheld

Did Nicole pay local income tax?

• Yes

• No

Refer to the W-2 Wage and Tax Statement for Nicole Jones. What is the total amount of taxes Nicole had withheld from her paycheck this year? (Federal income tax, Social security tax, Medicare, State)

• $3719.15

• $6028.70

• $4175.47

• $5572.38