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WorksheetsUnderstanding Taxes 16.2
Total questions: 16
Worksheet time: 35mins
One responsibility you have as a wage earner is _______
to pay taxes
to spend money
to steal money
to have fun
The (a) is the federal government agency that enforces the tax laws and collects taxes
Federal tax money pays for all of the following EXCEPT:
Social Security
College Tuition
Armed Forces
Veterans' benefits
______ is a charge that the government levies on most forms of earnings.
FICA taxes
Federal taxes
Government taxes
Income taxes
A tax that is deducted from earnings, paid to the federal government to help fund Social Security programs is called
(a)
Social Security programs include all of the following EXCEPT
child support benefits
retirement benefits
survivors' benefits
disability benefits
A method of submitting your tax return electronically is called (a)
Indiana is a state that does not collect income tax.
True
False
A(n) ______ is the government's way of checking your return.
tax check
return confirmation
audit
check
For tax purposes you may need any or all of the following EXCEPT
past tax reutrns
interest payment records
checkbook ledger
records of income
There are no penalties if you just don't file your taxes.
True
False
The advantages of e-filing do not include:
larger refund
faster refund
security
eco-friendly
______ is a form of hospital and medical insurance for those over 65 and/or some younger people with disabilities.
Medicade
Old people coverage
Elderly Aid
Medicare
Income Tax is when a % of your______ is paid to the government
apartment
playstation
paycheck
restaurant bill
Businesses don't have to pay any taxes in the United States.
True
False
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
