NEW
Font size
WorksheetsNCVPS FM Unit 3 Taxes Review
Total questions: 20
Worksheet time: 40mins
The Federal Government does not require its citizens to pay taxes on the money they earn.
True
False
You must file your income taxes by what date?
April 15th
December 31st
January 1st
What is the name of the agency that collects federal taxes?
North Carolina Revenue Service (NCRS)
Social Security Administration (SSA)
Internal Revenue Service (IRS)
Which of these is unearned income?
A pay check from the grocery store
Birthday money from a friend
A pay check from the bookstore
Which of these is funded by the the taxes in your community?
Places of worship
Public parks
Fast food restaurants
What is the name of the form you are required to complete on your first day at work?
W - 2 Form
W - 4 form
Social Security Application
What is the name of the form that reports your yearly income and paid taxes?
Social Security card
W - 4 form
W - 2 form
According to this W - 2 form, how much did Magnum pay in Federal Tax?
$ 32.896.45
$ 8453.78
$ 1, 895.46
According to this W - 2 form, how much did Magnum Thomas earn this year?
$ 32, 896.45
$ 1,126.45
$1, 895.46
According to this W- 2 form, how much did Magnum Thomas pay in FICA or Social Security tax?
$ 1, 895.46
$ 8, 453.78
$ 2, 775.63
What is the name of a person who relies on a taxpayer, usually a family member, for financial help?
community worker
Parent
Dependant
When you file your taxes on line, that is called ____________
Paper file
E - file
Professional file
Using e - file for federal and state taxes will increase your accuracy in calculations
True
False
You can file your taxes electronically ___________
On your home computer
At the post office
At your job
You can get free software from the IRS if _______________
You don't have to pay taxes
It is your birthday
You earn less than $ 62,000 per year
Which federal tax form should you use if you are single, have no dependants and earn less than$ 100,000 per year?
W - 4 Form
1040 EZ Form
D- 400 Form
When you file electrionically you will need a PIN. What is a PIN?
Practical Insurance Number
Proper Identity Name
Personal Identifiction Number
You will receive faster refunds if you __________________
Mail your tax forms
Call the IRS
File electronically
The NCDOR e - file for free and e - file for fee provide ________________
approved lists of tax payers
approved tax preparation softward
approved tax forms
What form should you use to file your North Carolina taxes?
W - 2 Form
1040 EZ Form
D - 400 Form
