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SaveFirst Unit I Review

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

Who is not allowed to claim a dependent?

a)

A grandparent

b)

A college student

c)

Someone who is already being claimed as a dependent

d)

A step-parent

2.

What are the two types of tax credits?

a)

Exemption

b)

Nonrefundable

c)

Deductible

d)

Refundable

3.

Which of the following are taxable income?

a)

Wages

b)

Child Support

c)

Unemployment Compensation

d)

Tips

e)

Supplement Security Income (SSI)

4.

Which of the following is unearned income?

a)

Tips

b)

Retirement

c)

Self-employment income

d)

Salaries

5.

What are the two taxes included in FICA?

(a)  

6.

What is the most common thing reported on a Form 1099-G?

a)

Gambling Winnings

b)

Miscellaneous Income

c)

Unemployment Compensation

d)

Interest Income

7.

True or False: Both the taxpayer and spouse must have earned income to claim the Credit for Child & Dependent Care Expenses.

a)

True

b)

False

8.

Who are two kinds of people who can be claimed as dependents on the federal return but not on the AL return?

a)

Friend

b)

Grandchild

c)

Cousin

d)

Parent

e)

Niece/Nephew

9.

A tax credit is a direct reduction of __________?

a)

Total Tax

b)

Withholding

c)

Total Income

d)

Tax Liability

10.

The Wage and Tax Statement is called Form (a)   .