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15
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Name the 5 filing statuses.
Single, Married filing joint, Married filing separate, head of household, qualifying surviving spouse
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thief
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5
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15
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25
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rocket
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gift
Win 20 points!
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baam
Lose 20 points!
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15
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What is the name of the form individuals use to file their income taxes each year?
w-2
1120
1040
w-4
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15
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What 3 factors determine whether a taxpayer needs to file a return?
Filing status, number of dependents, age
Marital status, unearned income, employment status
Gross income, residency, age
Gross income, filing status, age
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15
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If an individual has paid more than enough taxes through withholdings by his employer, he/she should receive a ___?
Refund
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15
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True or False An inheritance is always taxable.
False (but interest earned or gain on the sale of property is taxable)
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