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WorksheetsTaxes Review
Total questions: 22
Worksheet time: 11mins
Name
Class
Date
1.
A sum of money demanded by a government for support of itself and specified programs and services
a)
Taxes
b)
Fee
c)
Tax Payer
d)
Bill
2.
What day should you receive your W-2 from your employer?
a)
December 31st
b)
January 1st
c)
April 15th
d)
January 31st
3.
What type of tax is on earned and unearned income?
a)
Income
b)
Payroll
c)
Sales
d)
Excise
4.
What type of tax is applied when purchase goods or services?
a)
Sales
b)
Income
c)
Property
d)
Excise
5.
What type of tax is taken out of our paycheck?
a)
Sales
b)
Income
c)
Property
d)
Excise
6.
What type of tax is built in/hidden in the price of an item like gasoline, hotels, and/or airplane?
a)
Sales
b)
Income
c)
Property
d)
Excise
7.
When you are hired for employment, what form do you fill out to determine the amount of allowances to be taken out of your paycheck?
a)
W-2
b)
W-4
c)
1040EZ
d)
1099
8.
Which of the following is not considered a dependent?
a)
Child
b)
Parent
c)
Your puppy
d)
Other type of relative
9.
Can you have more than one W-2 sent to you?
a)
Yes
b)
No
10.
Which form/document do you not need when filing your taxes?
a)
W-2
b)
Social Security Card
c)
1099 (Interest Statement)
d)
W-4
11.
What document do you use to determine your TAX?
a)
Tax Table
b)
W-2
c)
Allowance Table
d)
1040
12.
What type of tax is a tax on earned and unearned income?
a)
Income
b)
Payroll
c)
Sales
d)
Property
13.
Which of the following taxes helps support medicare and social security programs?
a)
Income
b)
Payroll
c)
Sales
d)
Excise
14.
If $100 was taken out of your paycheck for Payroll taxes, how much does your employer need to also contribute?
a)
$0
b)
$200
c)
$100
d)
$54.23
15.
Which of the following is not included into Property Taxes?
a)
Automobiles
b)
House
c)
Buildings
d)
Cellphone
16.
Which of the following 1040 forms is the easiest to use?
a)
1040 EZ
b)
1040 A
c)
1040
d)
1040 Simple
17.
You have adjustments to income like student load interest deductions, educator expenses deduction, and tuition & fees deduction. Which 1040 form should you use?
a)
1040 EZ
b)
1040 A
c)
1040
18.
Which of the following filing status should you file as?
a)
Single
b)
Married Filing Jointly
c)
Married Filing Separately
d)
Head of Household
19.
How many filing status are there?
a)
1
b)
5
c)
3
d)
7
20.
_______ are a number that corresponds to the amount of tax withheld from your paycheck.
a)
Exemptions
b)
Allowances
c)
Witholdings
21.
A _____ is someone who relies on another person to provide for them.
a)
Child
b)
Widow
c)
Independent
d)
Dependent
22.
True or False:
If you claim Married Filing Separately that means you are having relationship problems.
If you claim Married Filing Separately that means you are having relationship problems.
a)
True
b)
False
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