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WorksheetsFA6 Income Tax Forms
Total questions: 20
Worksheet time: 13mins
Who collects income tax?
City and State Government
Local Government
City and Federal Government
Federal and State Government
You just sold stock that had been invested for 3 years. What kind of tax is owed on the profits?
Income Tax
Capital Gains Tax
Property Tax
Sales Tax
You buy a box of cereal and a gallon of milk for $9.00. The sales tax rate is 10%. How much sales tax is on this purchase?
$1.00
$0.90
It depends on the city you live in
$0, there is no sales tax on non-luxury groceries
What protects the elderly who have owned their homes for many years in California from the effects of inflated property taxes?
The BE KIND TO THE ELDERLY ACT of 1978
Sales Tases
Proposition 13
Deductions on Schedule A
The Democratic Party
Which form do you use to declare the number of exemptions you wish your tax withholdings to be based on?
1099-MISC
W-2
W-4
Schedule A
Which form do you receive from your employer showing the amount of your wages and the tax withheld?
Schedule A
W-2
W-4
1099-INT
Which form do you use if you have a lot of deductions that would reduce your tax liability?
Schedule A
W-2
Schedule B
W-4
Why would you need Schedule B?
Everyone needs to include Schedule B with their tax return
To show addition income from interest
To claim a standard deduction
To deduct medical expenses
Which income do you use with the tax table?
Adjusted Gross Income
Income from all sources
Taxable Income
Only income from your main job
Using the Tax Table for 2021, determine the tax for taxable income of $57,723 when filing as single.
$10,225
$8,448
$8,459
$6529
Using the Tax Table for 2021, determine the tax for taxable income of $60,950 when filing as head of household.
$7,700
$9,566
$9,163
$7,711
Using the Tax Table for 2021, determine the tax for taxable income of $63,999 when filing as married filing jointly.
$8,371
$8,360
$7,279
$9,823
Who collects property tax?
City and State Government
Local Government
City and Federal Government
Federal and State Government
Using the Tax Table for 2021, determine the tax for taxable income of $400,00 when filing as head of household.
$26,905
$131,481
$113, 095
$102,445
Using the Tax Table for 2021, determine the tax for taxable income of $63,999 when filing as married filing seperately.
$8,371
$8,360
$7,279
$9,823
Using the Tax Table for 2021, determine the tax for taxable income of $842,000 when filing as single.
$228,914
$311,540
$275,612
$164,211
On a W-2, where would you find the amount of state income tax withheld?
Box 2
Box 17
Box 1
Box 4
On a W-2, where would you find the amount of federal income tax withheld?
Box 2
Box 17
Box 1
Box 4
If the tax amount from the tax table is higher than the number in Box 2 of your W-2, this means...
you owe additional taxes when you file your federal return
you will receive a refund when you file a federal return
there is an error in your calculations
your employer did not correctly collect the federal tax
If your parents can claim you as a dependent, you cannot file a tax return.
True
False
Depends on how much money you make
Depends on if you live at home
