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WorksheetsFile Taxes?
Total questions: 10
Worksheet time: 5mins
Yesterday, we saw that the standard deduction for filing taxes was $12,400. What does this mean?
You only have to file taxes if you make $12,400 or more.
You only have to file taxes if you make less than $12,000
You will get $12,400 back as a refund
If the standard deduction is $12,400, do you have to file taxes if you make $6,000?
Yes
No
True or False:
You can get a tax refund if you don't file your taxes.
True
False
Earning money from investments and interest is called:
unearned income
earned income
a gift
Do you have to file taxes on unearned income?
No because it's unearned
Only if it's more than $1,100.00
Only if it's more than $400.00
If you do this type of job, you are considered self-employed:
Uber driver
Babysitter
Mowing neighbors' yards for money
All are considered self-employed
If you make over this amount when self-employed, you must file a tax return
$12,400
$400
$900
Would a dog-walker be considered self-employed?
Yes
No
Depends
You just got a job at Wawa. So far this year you've earned $800 in gross wages. What does this mean?
This is the money you earned before taxes are taken out.
This is the money you earned after taxes are taken out.
You just got a job at Wawa. So far this year you've earned $800 in gross wages. Do you need to file a tax return?
Yes
No
Depends
