WorksheetsTaxes Review & Preview
Total questions: 5
Worksheet time: 70secs
What percentage of 16 to 24 year olds were employed in 2024 according to the Bureau of Labor Statistics?
40.3%
54.5%
65.3%
80.3%
What is the purpose of a 1099 form?
To report non-employee income
To report full-time employee income
To report business expenses
To report employee benefits
What is the impact of electing the standard deduction when filing your taxes?
It increases your taxable income
It decreases your taxable income
It increases your business expenses
It decreases your business expenses
What’s the recommended course of action for gig workers who are unsure about their tax obligations?
Don't file taxes
Guess on their tax forms
Consult with a tax professional
Ask your clients to give you a W2 for tax filing
True or False? The final day to file your 2024 federal income tax return is April 15, 2025.
True
False
