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15
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Which of the following is NOT a way you can file your taxes?
Through your employer's HR department
Using tax software like TurboTax
Through a tax professional
Mailing in a paper tax return to the Federal government
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15
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Which of the following taxes is applied to wages, salaries, dividends, and interest earned?
Corporate Income Tax
Estate Tax
Excise Tax
Income Tax
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15
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Our tax money is spent on all of the following EXCEPT:
National Parks
Private School Education
The Military
Social Security
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15
×
True or False: All wages, tips, and bonuses are taxable unless specifically excluded.
False
True
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15
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Each of the following things is true about the W-2 form EXCEPT...
It lets you know how much was withheld from your paychecks
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
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15
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What do you need to file your 1040 form?
Your prior year's tax return
Your W-4
Your W-2
Income of $50,000 or more
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15
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Who primarily uses our tax money?
Local businesses
Large corporations
Your employer
Federal and state government
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15
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The W-4 form lets...
the 3 major credit bureaus know how many dependents you have
the government know how much you paid in taxes last year
your employer know how much to withhold from your paycheck
you know how much you paid in taxes last year
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boom
Lose 50 points!
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seesaw
Swap points!
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rocket
Go to first place!
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thief
Give points!
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25
15
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Jason is 15 and earned $1450 at his job last summer. Should he file a tax return?
Yes. You must file taxes even if you didn't earn enough.
Yes, because he may get a refund.
No, because he didn't earn enough.
No, because you have to be 16 and older to file taxes.
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15
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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
October 15th
April 15th
December 31st
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15
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True or False: A teen's earned income can be reported on a parent's tax return.
False
True
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15
×
Which of the following is NOT a category in the Federal government's spending?
Interest on national debt
Mandatory spending
Interest on loans issued
Discretionary spending
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heart
Other team wins 15 points!
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seesaw
Swap points!
Okay!
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fairy
Take points!
5
10
15
20
25
×
baam
Lose 25 points!
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monster
Reset all scores!
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magnet
Take 20 points!
Okay!
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shark
Other team loses 15 points!
Okay!
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baam
Lose 15 points!
Oops!
15
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Luisa earned $1,200 at her part-time job, and $500 from babysitting in cash. Which is TRUE?
Luisa is required to file a tax return.
She will report her total income as $1,200.
She will report her total income as $1,700.
She will report her total income as $500.
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