WorksheetsTaxes Unit Review
Total questions: 10
Worksheet time: 5mins
The form that determines the amount your employer withholds from your paycheck for taxes is the
1040
1099-INT
W-2
W-4
Which of the following is a voluntary deduction from a paycheck?
health insurance
medicare
state tax
social security
The standard deduction helps people by
giving them an extension on their taxes
lowering their taxable income
paying for their taxes to be done by a professional
telling their employer how much to withhold
When are taxes due?
January
February
March
April
Deductions that are involuntary are ___?
choices
optional
regular
taxes
Overtime pay takes effect when a worker works
more than 5 days in the same week
over forty hours in a week
two different jobs
two or more consecutive shifts
Which of the following forms is filled out by your employer?
1040
1099-INT
W-2
W-4
If a person earns $13 an hour, then his/her overtime pay is
$15
$19.50
$21
$26
"Net income," or "take-home pay" means
hours worked times pay per hour
involuntary plus voluntary
tax owed divided by salary
wages earned minus all deductions
If you're in the 22% tax bracket, then ___ is actually taxed at 22%.
all of your income
none of your income
the highest portion of your income
your take-home income
