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15
×
If a teen files a tax return, can the parent still claim him/her as a dependent?
Yes, as long as the teen meets the dependency requirements
Yes, but the parent has to add the teen's income to theirs
Yes. All teens are dependents until they are 18 years old
No. If a teen files a tax return, he/she cannot be claimed
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15
×
What do you need to file your 1040 form?
Income of $50,000 or more
Your W-4
Your prior year's tax return
Your W-2
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lifesaver
Give 15 points!
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magnet
Take 15 points!
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×
shark
Other team loses 20 points!
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banana
Go to last place!
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15
×
Which of the following is NOT a category in the Federal government's spending?
Mandatory spending
Interest on national debt
Interest on loans issued
Discretionary spending
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15
×
Who primarily uses our tax money?
Large corporations
Local businesses
Federal and state government
Your employer
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15
×
Which is TRUE if you do not pay your taxes?
You cannot go to jail (but you will be heavily fined)
You owe twice as much the following year
Your credit score may be impacted
You're more likely to be approved for low interst loans
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15
×
True or False: All wages, tips, and bonuses are taxable unless specifically excluded.
True
False
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×
seesaw
Swap points!
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gift
Win 10 points!
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×
shark
Other team loses 10 points!
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banana
Go to last place!
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trap
No points!
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fairy
Take points!
5
10
15
20
25
×
gift
Win 20 points!
Okay!
×
banana
Go to last place!
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15
×
What item would you DEFINITELY see on a paystub?
Retirement
Gross Pay
Your occupation/role
Healthcare
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15
×
The W-4 form lets...
the 3 major credit bureaus know how many dependents you have
you know how much you paid in taxes last year
the government know how much you paid in taxes last year
your employer know how much to withhold from your paycheck
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eraser
Reset score!
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gift
Win 10 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
baam
Lose 20 points!
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15
×
Earned income is any money you make from things like interest and dividends.
False
True
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15
×
If you owe taxes, which of the following is FALSE?
You can make a payment with a debit, but not credit card
You can delay your payment deadline
You can make a payment using cash
With an agreement, you can pay it in installments
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15
×
Each of the following things is true about the W-2 form EXCEPT...
You get 1 W-2 form every year, even if you had multiple jobs
It lets you know how much you earned last year
It contains information you'll need to fill out a 1040
It lets you know how much was withheld from your paychecks
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15
×
Jason filed his tax return and owes money. If he doesn't want to pay a fee, when should he pay this amount by?
January 1st of the next year
April 15th
October 15th
December 31st
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