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Tax Forms Quiz

Total questions: 10

Worksheet time: 19mins

Name
Class
Date
1.

Mandatory government spending includes which of the following?

a)

Education and agriculture

b)

Social Security and Medicare

c)

Infrastructure and science

d)

Healthcare and military

2.

You are starting your first job and you are asked to complete some paperwork on your first day. Which form will determine how much money is withheld from your paycheck for taxes?

a)

W-2

b)

I-9

c)

W-4

d)

1040

3.

Juanita has a part-time job that pays $20/hour and works about 70 hours every month. Her withholdings are Social Security (6.5%), Medicare (1.5%) and federal income tax (10%). What is her approximate GROSS PAY?

a)
$1800
b)

$1600

c)

$1400

d)
$1200
4.

Juanita has a part-time job that pays $20/hour and works about 70 hours every month. Her withholdings are Social Security (6.5%), Medicare (1.5%) and federal income tax (10%). What is her approximate NET PAY?

a)

$1307

b)

$1148

c)

$962

d)

$1009

5.

What is the name of the tax form that requires you to provide identification and proves you are eligible to work in the U.S.?

a)

W-4

b)

W-2

c)

I-9

d)

1040

6.

Which of the following describes what a "dependent" is for tax purposes?

a)

A child or adult that you support financially

b)

Someone who is temporarily disabled

c)

Someone who is a full-time student under the age of 30

d)

An adult who financially supports you

7.

Which of the following statements about the W-2 form is TRUE?

a)

A W-2 lists all the money you earned in cash over the last year

b)

You need a separate W-2 form from EACH of your employers in order to file your taxes

c)

The total wages you earned from ALL jobs you worked in the previous year appear on ONE W-2 form

d)

The W-2 includes information about the interest you earned from your investments

8.

What is the difference between discretionary and mandatory government spending?

a)
Discretionary spending is required by law and cannot be changed easily.
b)
Mandatory spending is optional and can be adjusted each year.
c)
Discretionary spending is optional and set by annual budgets, while mandatory spending is required by law and cannot be easily changed.
d)
Discretionary spending is fixed and cannot be altered annually.
9.

Jill is 16 years old and worked at her local grocery store over the summer earning $5,600. Is Jill legally required to file a tax return?

a)

Yes, because she earned income.

b)

Yes, because she is over 16 years old.

c)

No, because her earnings are below the standard deduction amount for 2023.

d)

No, because she is a minor and does not need to file taxes.

10.

List two things the federal government spends your tax dollars on that you benefit from.

4 lines