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WorksheetsTaxes Basics - Check
Total questions: 10
Worksheet time: 18mins
What is net income?
Total money employees earn before taxes
Three taxes that everyone must pay
How much a person is worth in total
The money you take home after taxes are taken out
What is gross income?
Total money employees earn before taxes
Three taxes that everyone must pay
How much a person is worth in total
The money you take home after taxes are taken out
When people refer to "tax day" , they mean...
January 1, the first day of the year
January 31, the last day to receive your tax forms
Whatever day your tax refund comes in the mail
April 15, the deadline to file taxes
What is a withholding?
money the government withholds from your paycheck
money you subtract from your taxable income to lower the amount of taxes you owe
a person who depends on you financially
money your employer withholds from your paycheck to pay taxes on your behalf
David's gross income: $127.25
David's deductions: $25.20
David's net pay: ?
$102.05
$102.45
$112.05
$152.45
