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WorksheetsTaxes Quiz
Total questions: 25
Worksheet time: 13mins
Which of the following are NOT filing statuses? (Check all that apply)
In a relationship
Which of the following is included in FICA? (Check all that apply)
Which forms do you need in order to complete your 1040 Tax Return form? Check all that apply.
1099
You are NOT a dependent.
If you do not pay too many taxes over the course of the fiscal year you will get a tax refund
Which of the following forms is meant to verify EMPLOYMENT requirements via multiple forms of identity?
W2 Form
W4 Form
1040EZ
I9 Form
Which of the following forms is meant to determine your allowances / withholdings / deductions and affects your FEDERAL and STATE income tax %? Hint: YOU fill it out
W2 Form
W4 Form
1040EZ
I9 Form
Which of the following forms is a summary of what you made & what you paid? Hint: You DON'T fill it out, but it IS needed in order to file your taxes
W2 Form
W4 Form
1040EZ
I9 Form
Which of the following taxes is NOT on your paystub?
Sales tax
Federal Income tax
FICA
State Income tax
Net Pay is...
amount you're paid after all taxes and deductions are taken out of your pay
amount your'e paid before all taxes and deductions are taken out of your pay
amount of pay worked for total hours plus overtime
amount of gross pay plus bonuses
How does our government pay for schools and roads?
non-profit organization donations
private organization donations
charitable donations
taxes
Withholding too much in taxes will result in:
owing money during tax season
allowing the government to borrow your money interest-free
a higher paycheck
none of these
Gross Pay is...
the amount of money you are paid after AFTER any taxes are taken out of paycheck
the amount of money you are paid after BEFORE any taxes are taken out of paycheck
amount of money in paycheck with bonuses and overtime
none of these
Write-offs you are permitted to subtract from your gross income to calculate your taxable income are called:
dependents
deductions
cost of living
withholding
Deductions and credits can ___________ what you owe in taxes each year.
add to
lower
stop
none of these
The amount held back from your wages each payday to pay your income and Social Security taxes for the year:
Medicare
withholding
earned income
credits
Someone you support and for whom you can claim on your tax return:
withholding
friend
tenant
dependent
Which of the following is a type of benefit that might be available from your employer?
healthcare
paid time off
matching contributions to a retirement account
all of these
Which of the following are possible taxes or deductions that could be withdrawn from your paycheck?
social security
FICA
Medicare
all of these
