WorksheetsIncome Taxes Review
Total questions: 16
Worksheet time: 8mins
Which form is used to file your tax return with the IRS?
W-2
W-4
1099
1040
This form will be sent to Lily by the end of January. She will use this W-2 form to…
Obtain employment
Receive her paycheck
File her income taxes
Begin her retirement savings
All of the following employee information is included on a W-2 form EXCEPT...
Employer name and EIN (Employer Identification Number)
Employee’s Social Security Number
Employee’s date of birth
Employee’s current address
When you receive a new job, you are mandated to file a
Complaint
Divorce
W-4
W-2
When you are ready to file for taxes you must have form
W-2
W-6
WD40
W-2484
Jay filed his taxes and found out he owes money. What is the most reasonable explanation as to why he owes money in taxes?
Not enough money was withheld from his paychecks.
Too much money was withheld from his paychecks.
When filing his taxes, Jay accidentally checked “Married filing jointly” instead of “Single”.
The IRS is asking Jay for a future advance on his possible taxes for next year.
The Federal government spends the most amount of tax money on...
Science
Veterans
Education
Health
All of the following are factors that impact the amount someone may pay in taxes EXCEPT...
Income
Political party
State
Marital status
The W-4 form lets...
the government know how much you paid in taxes last year
your employer know how much to withhold from your paycheck
the 3 major credit bureaus know how many dependents you have
you know how much you paid in taxes last year
The more allowances you claim on your W-4...
The more money is withheld from your paycheck
The less money is withheld from your paycheck
The # of allowances doesn't impact how much $ is withheld
You claim allowances on a W-2, not the W-4
Which of the following is NOT a way you can file your taxes?
Through a tax professional
Mailing in a paper tax return to the Federal government
Using tax software like TurboTax
Through your employer's HR department
