WorksheetsTaxes
Total questions: 20
Worksheet time: 5hrs 0mins
Who primarily uses our tax money? (hint: choose 2 correct answers)
Your employer
The state government
The Federal government
Local Businesses
Which of the following is NOT a category in the Federal government's spending?
Mandatory spending
Discretionary spending
Interest on loans issued
Interest on national debt
What item would you DEFINITELY see on a paystub?
Retirement
Healthcare
Gross Pay
Your occupation/role
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
Louis's dad pays a tax to the federal government each year based off the money he earns from his lawn mowing business. What type of tax does Louis's dad pay each year?
Payroll Tax
Income Tax
Sales Tax
Property Tax
Curtis purchased a new pair of jeans for $18. When Curtis pays for his jeans his total is almost $20 because of taxes. Which type of tax does Curtis pay?
Payroll Tax
Income Tax
Sales Tax
Property Tax
Your parents pay a tax each year of $3500 that is based off the value of your home. Which type of tax do your parents pay each year?
Payroll Tax
Income Tax
Sales Tax
Property Tax
Which is the BIGGEST tax that is taken out of your paycheck?
State Income Tax
Federal Income Tax
Social Security Tax
Health Insurance
How much total money is taken out of this paycheck for taxes and other deductions?
75% of this paycheck is gone.
Little more than 1/3 of paycheck is gone.
About 5% of the paycheck is gone.
Almost all of it.
Which of the following are the three largest categories of federal government spending?
infrastructure, defense, science
education, defense, food/agriculture
health, military, interest on debt
military, education, science
The main purpose of a W4 is
To accept a new job
To figure out your tax refund
To state your salary
To tell employers how much taxes to take out of your check
The main purpose of a W2 is
To accept a new job
To figure out your tax refund
To state your salary
To tell your employers how much taxes to take out of your check
Taxes are collected by
Businesses
Parents
Foreign countries
Government
IRS stands for
Internal Revenge Service
International Revenue System
Internal Revenue Service
Inspection Ravioli Sauce
