Free Printable W-2 Forms & Tax Forms

Worksheets

W-2 Forms & Tax Forms

Total questions: 30

Worksheet time: 18mins

Name

Class

Date

What is this form?

1040

1040ez

What is this form?

1040

1040EZ

1039EZ

1099

Which form will be easiest for a single person with no dependents to complete when filing taxes?

1099

1040EZ

1040

__________ is the deadline for employers to provide you with the W2.

January 31st

April 15th

January 15th

April 31st

Taxes are deducted from all employees paychecks

true

false

This form states the amount of money earned and taxes paid throughout the previous year. People use it to complete income tax forms for the IRS

1040EZ

Which programs use tax money?

military

education

welfare

all of the above

The government agency in charge of collecting tax.

FICA

IRS

NBA

SEC

The government agency in charge of collecting tax.

FICA

IRS

NBA

SEC

10.

Which of the following is an example of a federal tax return?

Form 1040EZ

W-2

W-4

Form 10-K

11.

What does IRS stand for?

Investment Return Service

Interest Rate State

Income and Rent Standard

Internal Revenue Service

12.

What can happen if you don't file/pay taxes?

You can get fined

You can own back taxes

You can go to prison

All of the above

13.

When it comes to taxes, you want your taxable income to be

Big

Small

Exactly what it is

None of the above

14.

1040EZ is the hardest tax form to complete.

False

True

15.

An allowance is the number of people you claim to support.

False

True

16.

If Mike worked 32 hours and earns $10/hour,
his ______ is $320.

Hourly Pay

Gross Pay

Net Pay

Deductions

17.

Wages, salaries, bonuses, commissions and tips are all taxable

True

False

18.

When is the deadline to file your taxes?

August 15th

January 1st

April 15th

December 31

19.

Overtime wages are taxed

True

False

20.

What is the program that extends health coverage to almost all Americans age 65 and over?

social security

taxes

income tax

medicare

21.

Required payments to a government are_______________.

income

taxes

medicare

22.

The primary sources of income for young people between 18 and 30, who are not living on a pension (retirement) or social security are?

Profits from businesses they own.

Dividends and interest from investments

Rents

Wages, Salaries, and Tips

23.

For federal tax, if you have a higher income, you pay a higher percent in taxes.

true

false

24.

If you don't pay enough in federal taxes for the year you will need to pay the federal govt.

true

false

25.

If you paid too much in taxes, you will be able to get a refund if you fill out the correct forms.

true

false

26.

The federal govt allows you to have some of your income tax free.

true

false

27.

Claiming a lot of allowances means that you will get more taken out of your paycheck in taxes.

true

false

28.

You don't have any control over how much your employer takes out of your paycheck for taxes.

true

false

29.

Which of the following taxes is NOT on your paystub?

Sales tax

Federal Income tax

FICA

State Income tax

30.

What % is paid to FICA by you personally, assuming you have a position that pays into social security?

6.2%

10%

12%

12.4%

Reset

W-2 Forms & Tax Forms

Total questions: 30

Worksheet time: 18mins

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