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WorksheetsReview on Taxes So Far
Total questions: 19
Worksheet time: 10mins
What's the name of the tax form that is filled out when you get a new job and it tells the IRS how much to take out in taxes each paycheck?
W-2
I9
W-4
1040
Payroll Taxes consist of 2 taxes, what are they?
Medicare & Sales Tax
Social Security & Medicare
Sales Tax & Property Tax
Social Security & Property Tax
What's the name of the tax form that you receive by Jan 31st from your job that shows how much you made for the year and how much you paid in taxes?
W-2
I9
W-4
1040
Federal Income Taxes that you file each year if you had a job are what type of tax?
progressive
regressive
Sales tax is what type of tax?
Federal
State
Local
Which payroll tax is used to provide health insurance for elderly people?
Medicare
Sales Tax
Social Security
Property tax
Which payroll tax is used to provide income for retired people or people with a permanent disability ?
Income Tax
Social Security
Payroll
Medicare
What is the tax form that you fill out when you start a new job that requires 2 forms of ID and proves you are eligible to work in the US?
W-4
1099
W-2
I9
What is the tax form that is used to file your income taxes?
1099
W-2
1040
W-4
What percentage of American's paycheck goes to Social Security tax?
6.2%
1.5%
3%
3.2%
What percentage of American's paycheck goes to Medicare tax?
3.2%
5%
6.2%
1.5%
What type of tax are property taxes?
Federal
State
Local
Anyone who earned more than $ (a) from their employer is required to file their income taxes.
True or False. An example of unearned income is money someone earned from their paycheck from Redners.
True
False
A dependent is someone who......
is able to fully financially support themself
relies on someone else to provide more than half of their financial support
provides financial support for someone else
True or False. A dependent must be someone under the age of 19 unless they are a full time student.
True
False
There are 2 types of taxes in America, one that affects the rich more and one that affects the poor more. What are they called?
Income, Payroll
Social Security, Medicare
Progressive, Regressive
Positive, Negative
In order for a tax to be Federal, it must be the same in every _______.
store
county
country
state
When a person files their income taxes, if they already paid in more than they needed to from their paycheck all year, they will get a ________.
owe money
refund
notification
bill
