WorksheetsIntro to Taxes
Total questions: 16
Worksheet time: 8mins
The form you fill out to let your employer know how much money to take out (withhold) of your paycheck.
W2
W4
Tax return
1040
The form your employer creates to report your earnings and how much was withheld from your paychecks
W4
W2
1040
Tax Return
The amount of money your employer holds back for payment to the government for taxes.
Tax credit
Tax items
Payroll deductions
withholding
The tax return form you fill out if you have an uncomplicated tax situation with standard deductions.
W4
W2
Tax return
1040 EZ
The W-4 form lets...
the government know how much you paid in taxes last year
your employer know how much to withhold from your paycheck
the 3 major credit bureaus know how many dependents you have
you know how much you paid in taxes last year
By claiming "exempt" on the W-4 form...
You are paying all income taxes upfront at the START of the year.
You are requesting an extension to file your taxes
You will NOT have income taxes withheld from your paycheck.
You are paying all income taxes at the END of the calendar year.
Jason filed his tax return and owes money. If he doesn't want to pay a fee, when should he pay this amount by?
April 15th
October 15th
December 31st
January 1st of the next year
True or False: All wages, tips, and bonuses are taxable unless specifically excluded.
True
False
When you receive a new job, you are mandated to file a
Complaint
Divorce
W-4
W-2
When you are ready to file for taxes you must have form
W-2
W-6
WD40
W-2484
The easy way to file for taxes is using form
1800
1745
1999EZ
1040EZ
