Taxes Multiple Choice Questions Flashcards
Mandatory government spending goes towards what
Social security and medicare
The amount that is withheld from your paycheck is…
The amount that is not being taxed on
When do you start paying income taxes
When you start making over 13,850
Why is it important to be careful when filling out a 1040 form
It determines if you receive refunds and taxes
An person’s only income is salary income from an employer, what must they do next
File a taxreturn by the deadline if April 15th
What form determines taxes
W4 form
A federal tax return doesn’t require what
The state you live in
If a person has a new job, what paperwork are they responsible for filling out
W4 form
Name of form that proves you are eligible to work
I-9
In a 1040, if you overpay and the government owes you money, that is it called
A refund
If a person is self employed they wouldn’t receive a ______. But if they have an employer, they would receive a ______ from their employer.
W2 ; W2
What describes a dependent for tax purposes
Adult or child supported finicially
Remember what
Payment to IRS, just remember it
You should have a W2 form from…
Each employer you have
You are not required to file a tax return when…
Your income is below 13,850
