U4 - Taxes Review

Front

Which tax form is used to provide information about your previous year's pay and deductions from that year? Options: W2, W4, 1040A, 1099-INT

Back

W2

Front

Who is responsible for providing the W2 form? Options: You, Your Employer, Your bank, The IRS

Back

Your Employer

Front

Which tax form is used to tell your employer the amount of allowances/dependents you will be claiming?

Back

W4

Front

When is a W4 form filled out? Options: Right before you file your taxes, When you quit a job, When you start a job

Back

When you start a job

Front

Who is responsible for filling out a W4 form?

Back

You

Front

Which tax form provides information on how much you have earned in interest on your savings tools, such as savings accounts?

Back

1099-INT

Front

Who provides you with the 1099-INT? Options: You fill it out, Your employer, Your Bank

Back

Your Bank

Front

When is tax day? Options: January 1st, April 1st, April 15th, December 31st

Back

April 15th

Front

What percent of gross pay is deducted for Social Security?

Back

6.2%

Front

Randall had a weekly paycheck of $355.25. How much Social Security would be withheld from his paycheck?

Back

$22.03