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WorksheetsTaxes
Total questions: 33
Worksheet time: 32mins
Avery is studying for her finance exam and comes across a question: IRS stands for
Internal Revenge Service
International Revenue System
Internal Revenue Service
Inspection Ravioli Sauce
Lily is learning about how public services are funded. She discovers that taxes are collected by
Businesses
Parents
Foreign countries
Government
Zoey just received her first paycheck from her new job. On the paycheck, which value will end up in her checking account? (What does she bring home?)
Net Pay
Gross Pay
Pay Day...the candy bar
__________________ is the date taxes are usually due.
February 15
March 15
April 15
Aiden just got hired at a new company. When he receives his new job, he must fill out a __________.
Complaint
W-4
W-2
Zoe is preparing to file her taxes and needs to ensure she has the correct form. Which form does she need?
W-2
W-6
WD40
W-2484
Lily needs to file her taxes. The form she should use is:
1800
1999EZ
1040
Gross income is always ________ than net income.
more
less
Ella was curious about where her tax money goes. She found out that it is spent on all of the following (more than one answer):
Social Security
The Military
My new haircut
National Parks
Aiden is considering different ways to file his taxes. Which of the following is NOT a way he can file his taxes?
Through a tax professional
Mailing a paper tax return to the federal government
Using tax software like TurboTax
Through his employer's HR department
The _________________ is the amount of salary received after taxes and deductions.
Gross Pay
Net Pay
Total Earnings
Liam, a taxpayer, is expected to accurately report all his income.
True
False
Taxes are used to run your school.
True
False
Ethan is planning his finances for the year. How often does he need to file his taxes?
Once a month
Once a year
Quarterly
What can happen if you don't file or pay taxes?
You can get fined
You can owe back taxes
You can go to prison
All of the above
Sophia just started a new job and needs to fill out some paperwork. What is the purpose of a W-4?
To track your tax history
To tell you how much you will earn each month.
To inform you how much your employer will withhold from your taxes
Who is responsible for providing the W-2 form?
Your Employer (job)
When must your employer provide you with your W-2?
January 1st
February 16th
January 31st
Charlotte realized that if she pays too much in taxes, she ends up getting a ______________.
Penalty
Refund
Deduction
Exemption
May is learning about government agencies in her civics class. She learned that the __________ collects taxes for the US Government.
ABC
IRD
IRS
IDK
Henry believes that paying taxes is optional and not mandatory. Is he correct?
true
false
When Mason wins a new car on "The Price Is Right," he does not have to pay taxes on the car.
True
False
Zoe and Luna won different prizes and are wondering what they must report on their taxes.
Hint: More than one answer
Fantasy Football League winnings of $5,000
Earnings from an online casino for $9,000
Earnings at the casino for $45,000
Looking at your paycheck, which tax is deducted the most?
federal
state
local
The tax year starts on this date and ends on this date. I need the two dates.
Who needs to file a Form 1040?
Only people who work full-time.
Anyone who has earned income during the tax year.
Only people over the age of 18.
Bob filed his taxes and found out that he owes the IRS $4,000. He does not want to be in this predicament next year. What advice would you give him?
Have him fill out a new W-4 so that more taxes are withheld from his pay
Have him fill out a new W-2 so that more taxes are withheld from his pay
Have him fill out a new 1040 so that more taxes are withheld from his pay
Who is required to file a 1040 form?
Only individuals who are self-employed.
Anyone who has earned income in the U.S.
Only individuals who earn more than $100,000.
What date is Tax Day?
January 31st
April 15th
December 25th
Bonus: How Many States are in The USA?
51
49
50
52
Bonus: How many bones do sharks have?
219
129
0
220
Bonus: What is the only mammal that can't jump?
