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Worksheetspersonal finance
Total questions: 20
Worksheet time: 13mins
FICA stands for
Federal insurance contributions act
Ferderal internal cutlery act
Types of ways employers will pay employees
Payroll card
Direct deposit
Paycheck
Bonuses
What does smart stand for
Special message atainable relevant time bound
Special message acheievable realistic time bound
Specific measureable achievable realistic time-bound
Specific message acheive realistic timesaved
W2 is
showing how much an employee earns throught the year ; January 31.
Shows that one can work in the usa
Determine amount of federal taxes withheld
In order to receive a pay check what are 2 required forms
W-4 & w-2
W-2 & I-9
W-4 & I-9
Taxes are due when
January 31
August 2
July 15
April 15
What are you not allowed to pay the IRS with
Apple
Cashapp
FOMO stands for what
(a)
IRS stands for what
(a)
What is the standard deduction number
(a)
You don’t need to pay taxes if…
You are dependent and under 12,950
You are independent and make under 14,000
You aré dependet
You are independent
What is employee contribution?
State tax and parks
Retirement and social
FICA and medicare
401k and healthcare
Required deduction
State income
FICA
National
Federal tax
four categories of value
Physical value
Social value
Financial value
Inner value
Mental value
What form do you need to use to file a tax report to the IRS
W2
I9
1040
1022
What is a dependent
Someone that relies on somebody else to pay less than half of their living
Some one that relies on someone else to pay a quarter of their living
Someone that relies on someone else to pay more than half of their living
Someone that realizing someone else to pay 75% of their living
Which is a type of earned income
Bonuses
Paycheck
Paid vacation
Payroll card
Benefits we receive as a result of government spending EXCEPT
Tax refunds
401k
Credit card forgiveness
What is net pay
Pay after tex
Pay before tac
What is gross pay
Pay before deduction
Pay after deduction
