WorksheetsTaxes Take 2
Total questions: 21
Worksheet time: 12mins
Which form requires/contains your SSN?
W-2
W-4
1040
1099
What form(s) may be required when filling out a 1040 form at the end of the year?
W-2
W-4
1099
401K Statement
Which of the following is NOT a qualification to be claimed as a dependent?
under the age of 19
lives with you for more than a quarter of the year
cant provide more than half of their own support
related to you
Typically, which tax filing status gets you the most reduction in your tax bill?
single
married filing separately
married filing jointly
head of household
Who can you most likely claim as a dependent?
Anyone you want
Your dog
Your mom
Your 3 year old child
Which tax form do you fill out to file your taxes?
W-2
W-4
1040
1044
Which come first in the tax timeline?
Receiving a W-2
Filing out the 1040
Working
Getting a Job
Filling out the W-4
Put the elements of the Tax Timeline in order:
Get a Job
Complete the W-4
Work at your job & get paid
Receive your W-2
Fill out the 1040
Are you trolling Ms. Kennedy?
Yes
No
What is the primary purpose of a W-4 form?
To file your annual federal tax return
To determine how much tax your employer should withhold from your paycheck
To report all income earned in a year
To apply for tax refunds
Which of the following is TRUE about a W-2 form?
It is used to declare exemptions at the start of employment
It is provided by your employer and summarizes your annual earnings and tax withholdings
It is filled out by employees to calculate their withholding allowances
It is used to report freelance income to the IRS
What do you use to help you when you are filing your 1040?
W-2
W-4
401K
1044
Which kind of pay is before taxes are taken out?
take-home pay
net pay
gross pay
salary
What's the amount of pay you get before tax?
Net Pay
Gross Pay
W-2
W-4
What is the amount of pay you get after tax?
Net Pay
Gross Pay
W-2
W-4
What is the primary purpose of a 1040 form?
To determine your tax withholding
To apply for a tax refund
To report your annual income to the IRS
To declare your exemptions
Everyone who earns income is given a certain set amount of money they do NOT have to pay taxes on. This is called the:
W-2
Standard Deduction
W-4
Child Tax Credit
What document summarizes your annual earnings and tax withholdings?
W-4
1099
W-2
1040
What is the deadline for filing federal income tax returns in the United States?
May 15
March 15
April 15
June 15
Which form is used to report self-employment income?
W-4
W-2
1099-MISC
1040
What is the term for the amount of money you receive after all deductions are taken out?
Net Pay
Gross Pay
Adjusted Gross Income
Taxable Income
