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The How's of Taxes Module 1 Quiz

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

The Medicare tax rate is

a)

1.45%

b)

6.20%

c)

7.65%

d)

25.00%

2.

Employees send their payroll taxes directly to the federal government.

a)

true

b)

false

3.

Which form do employers use to compute the amount of federal income tax to withhold?

a)

Form W-2

b)

Form W-4

c)

Form 1040

4.

Net pay is the amount of pay an employee earns before taxes are deducted.

a)

true

b)

false

5.

Who completes Form W-4?

a)

Employee

b)

Employer

c)

IRS

d)

Your mama

6.

Look at this Form W-4. Who completed it?

a)

Olivia Sanchez

b)

Bianca Rodriguez

c)

John Doe

7.

Look at this Form W-4. How many allowances did the taxpayer claim?

a)

1

b)

2

c)

3

d)

4

8.

Look at this Form W-4. Is the taxpayer single or married?

a)

Single

b)

Married

c)

Married, but withhold at the higher Single rate.

9.

Look at this Form W-4. Does the taxpayer want additional amounts to be withheld?

a)

Yes

b)

No

10.

Look at this Form W-4. Is the taxpayer exempt from withholding?

a)

Yes

b)

No