wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Mr. Osunde Finance Quiz

Total questions: 15

Worksheet time: 7mins

Name
Class
Date
1.

What should you do when preparing your budget?

a)

Plan for how much you'll make

b)

Plan under

c)

Plan over

d)

Prepare to Prepare to Prepare to plan

2.

Mr. Osunde said the first thing you should do with your paycheck is?

a)

Cash it into the bank

b)

Pay yourself

c)

Save money

d)

Spend on expenses

3.

What tax form do you need for your taxes?

a)

W-2

b)

W-4

c)

Tax form

d)

Paycheck

4.

What is a Tax refund

a)

Reimbursement of money less than your taxes

b)

Money you get back for paying taxes

c)

Money you get for being a citizen

d)

Money you give to the government

5.

What are taxes?

a)

Money you pay for working to hard

b)

Money for the poor

c)

Money for food

d)

Mandatory money for the government

6.

When do you have to have your taxes done by?

a)

April 20

b)

April 15

c)

January 1st

d)

January 31st

7.

What can you use to do your taxes? (Select all that apply)

a)

Turbo Tax

b)

Free File

c)

Tax app

d)

Tax File Deluxe

8.

Who can professionally help you with your taxes?

a)

Mom/Dad

b)

Cashier

c)

Accountant

d)

Government agent

9.

What other documents will you need with your taxes (Select all that apply)

a)

W-2

b)

W-4

c)

1099-T

d)

W-8

10.

What are the different types of income taxes

a)

Federal

b)

State

c)

Income

d)

House

11.
What is Federal Income Tax?
a)
Funds the Disney Corporation with money it needs to operate. 
b)
Money that supports the Executive, Legislative, and Prejudicial branch of the government.
c)
A tax that supports the air traffic navy platoon system, the national board of realtors as well as the web of excessive disproportionate growth. 
d)
A tax that supports the federal governmen all its systems, highway construction and the military. 
12.
What is Payroll Tax?
a)
Tax on Earned Income
b)
Tax on Unearned Income
c)
Tax on Earned and Unearned Income
d)
Taxes on the Wages you earn from your Employer
13.
What is State Income Tax?
a)
Taxes Paid by the Federal Government
b)
Taxes Mandated by the Federal Government
c)
Taxes Mandated by the State Government to pay for the Legal System in the United States
d)
The Taxes that pay for Schools, Libraries, and Police Departments
14.
A _____ is something that is necessary for humans to live a healthy life an example could be food, water, medical, housing, clothing
a)
Need 
b)
Want
15.
A ______ is something that is desired e.g. computer, holiday, car, cell phone
a)
Need 
b)
Want