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WorksheetsReview of Taxes - Personal Finance
Total questions: 15
Worksheet time: 10mins
The set amount of money you get paid per hour is your
Total income
Gross
Net
Wage
Federal Taxes are paid from your check to the
Employer
U.S. Government
County
State
The FICA portion withheld from your check consists of which two categories?
Social Security
State Taxes
Medicare
The IRS
The employee is ....
the person who is paid and works for a company.
the person who started the company.
the person who now owns the company.
the person who used to work at the company.
Y.T.D. stands for (a) .
What can you do with a check?
cash it
deposit it
both of these
neither of these
The taxes you pay on something you purchase are called?
Income Tax
Property Tax
Sales Tax
None of these
If you are 20 years old and a full time college student living at home then your parents can claim you as a dependent on their taxes.
True
False
What are some things local taxes are used for?
(There is more than one correct answer)
Police
Schools
Roads
State Parks
The W4 and the I-9 are both documents you fill out before you can get paid by your new employer.
TRUE
FALSE
W2 forms must be given to the employer by the employee by January 31st each year.
TRUE
FALSE
A person's salary is how much money they get paid
for one year.
for one week.
for one month.
including tips.
When money or a payment goes straight from one account to another account without the use of a check it is called (a) .
Your $ pay before taxes is called ----
net pay.
a deposit.
gross pay.
a check.
Match the following
W4
New employee fills out before they start
I - 9
Verifies Identification
1040
The most basic tax form
W2
Employee get from employer by Jan 31st.
1099
The form you get from having a gig job.
