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Taxes

Total questions: 11

Worksheet time: 11mins

Name
Class
Date
1.

Earning income can consist of salaries, wages, tips, and more.

a)

True

b)

False

2.

Taxes help pay for government services like roads, education, the military

a)

True

b)

False

3.

Tax money that is collected, is a major source of:

a)

money to spend on video games

b)

lunch money

c)

state or government revenue

4.

__________ go towards things like education, building and repairing roads and bridges, and providing health coverage to low-income families?

a)

Benefits

b)

Taxes

c)

Deposit

5.

Each year by __________, tax paperwork and possible payments must be sent in or “filed”.

a)

April 5

b)

May 15

c)

April 15

6.

Your employer will send you a _______ form up to a few months before, which has a report of how much you earned that year.

a)

Timesheet

b)

W2

c)

1040

7.

If you own your own business or are an independent contractor, you will use get a _______ form.

a)

timesheet

b)

W2

c)

1099

8.

When you file your taxes, you will use a ________ form.

a)

Timesheet

b)

W2

c)

1040

9.

You cannot hire an expert to file your taxes, you MUST file your taxes by yourself using a tax preparation website.

a)

True

b)

False

10.

Depending on how much money your employer took out of your paychecks, you might owe more money to the government when you file your taxes. (Tax Payment)

a)

True

b)

False

11.

If too many taxes were deducted from your gross pay, the government will send you money back after you file your taxes... This is called a _________.

a)

Pay Period

b)

Timesheet

c)

Tax Return or Tax Refund