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WorksheetsEmployment and Taxes Review - Missed Questions
Total questions: 10
Worksheet time: 6mins
Our tax dollars go to mandatory spending, discretionary spending, and paying interest on debt. Which of the following are discretionary spending?
Education
Environment
Social Security
Medicare
Military
What does the W-2 form tell you?
How much you've earned and how much taxes you've paid in the last year
When to file your tax return
How much federal income tax your employer will withhold from your paycheck
How often your employer will be paying you
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.
What percent is social security tax?
6.2%
5.9%
1.45%
6.75%
IRS stands for
Internal Revenge Service
International Revenue System
Internal Revenue Service
Inspection Ravioli Sauce
The Ford family moves to a house with a higher value. Which of the these will probably happen?
Their income taxes will increase.
Their payroll taxes will decrease.
Their property taxes will increase.
Their property taxes will decrease.
The amount of money you're paid, after all taxes and deductions are taken out of your paycheck is called ________.
Gross pay
Year-to-date pay
Net pay
Total pay
The gig economy offers ________.
The migration of workers to high-tech jobs.
The total availability of employment and labor in the economy.
Flexible, short-term, and independent jobs.
An economic system in which assets or services are shared between individuals.
Which of the following would you need in order to fill out your 1040?
Your credit card statement
Your job offer
Your W-2
Your employer benefits documentation
If you are on salary
you get double time for overtime
no deductions will be taken from your check
your gross pay is the same every pay period
you are only paid once a month
