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WorksheetsEarning & Reporting Income Mini-Quiz
Total questions: 15
Worksheet time: 9mins
What is tax?
Money taken from your pay to give to the government
Extra money you receive
Money earned from your bank account
None of the above
What is net pay?
The total earnings on your paycheck
Three taxes that everyone must pay
How much a person is worth in total
The amount of your paycheck after taxes are taken out
What is gross earnings?
The total amount of wages on your paycheck
Three taxes that everyone must pay
How much a person is worth in total
The amount of your paycheck after taxes are taken out
Required payments to a government
Variable Cost
Gross Monthly Income
Taxes
Income
David's gross income: $127.25
David's deductions: $25.20
David's net pay: ?
$102.05
$102.45
$112.05
$152.45
Which of the following is an example of a federal tax return?
Form 1040
W-2
W-4
Form 10-K
Which tax form proves your eligibility to work in the USA?
1040
W-2
W-4
1099
I-9
Which tax form tells the government how much money to take out of each of your paychecks for taxes?
1040
W-2
W-4
1099
I-9
Which tax form do you receive in the mail by January 31st each year that shows your earned wages, salaries & tips for the year? (Hint: You get one for each job you have.)
1040
W-2
W-4
1099
I-9
