NEW
Font size
WorksheetsTaxes and More about Taxes
Total questions: 20
Worksheet time: 10mins
What is received when you start a new job, info is listed about yourself and your family and determines the amount taken out of a paycheck?
The first day you can mail in or submit your federal and state tax forms from the previous year.
January 28th
What is received in January, is given to someone who is not an employee but was paid by a company and probably doesn't have taxes withheld?
What is completed in April, can be used by anyone and there is a lot to fill out?
1040 form
What is the last day of the calendar year, your earnings are final after this date?
What is any income, wage or salary, that is generated by working called?
What is the set amount of money, per dependent, you can subtract from your taxable income?
When you start a new job you must do what?
Complete an I-9 to indicate how much in taxes you want withheld
Complete a W-4, indicating how much in taxes you want withheld
The first date of the calendar year. Your earnings begin on this date.
What is received in January, you have one for every job you work and I tell you how much is earned and how much is paid in taxes?
When is the deadline for employers to mail W-2s to their employees?
A category that defines the type of tax return an individual will use, primarily based on marital status; it also determines the size of your tax bracket and how much of your income is taxable.
What is employee claimed exemptions on the W-4 that determines how much of an employee's pay to withhold?
Number of allowances
What is an inspection of a filer's tax return by the IRS?
What is received when starting a new job, it proves someone is eligible to work in the U.S. and you must provide forms of identification when submitting?
I-9 form
What is the deadline for filing federal or state income tax forms that have received an extension?
What is someone you financially support who can be "claimed" on a tax return to reduce your taxable income and lower your taxes called?
The last day to e-file or mail federal income tax forms or request an extension is when?
June 15th
April 15th
What is a profit from the sale of an asset, such as a stock or bond, calculated by subtracting the price initially paid from the prices it's sold for?
A standardized amount that reduces your taxable income, specifically for individuals who do not receive any additional benefit by itemizing their deductions.
