Tax Basics - 8th Period
Flashcard
•
Financial Education
•
12th Grade
•
Hard
Wayground Content
FREE Resource
Student preview

19 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Which of the statements below is TRUE about filing your tax return?
You need to file your tax return by the end of the calendar year (typically December 31st).
If your employer takes out federal income taxes through payroll withholdings, you do not need to file a tax return.
You must file your tax return by April 15th of the following year. Or you can request an extension by that date but you must pay any taxes owed by April 15th.
Back
You must file your tax return by April 15th of the following year. Or you can request an extension by that date but you must pay any taxes owed by April 15th.
2.
FLASHCARD QUESTION
Front
Which of the following describes a "dependent" for tax purposes? A qualifying child or relative who relies on you for financial support. A qualifying child or relative who is temporarily disabled. A qualifying person who financially supports you. Any qualifying person or pet who relies on you for financial support.
Back
A qualifying child or relative who relies on you for financial support.
3.
FLASHCARD QUESTION
Front
Which of the following statements about the W-2 form is TRUE? A W-2 lists all the total deductions for your Federal Income Tax return. The total wages you earned from ALL jobs you worked in the previous year appear on ONE W-2 form. You need a separate W-2 form from each of your employers in order to file your tax return. The W-2 includes information about the interest you earned from your investments.
Back
You need a separate W-2 form from each of your employers in order to file your tax return.
4.
FLASHCARD QUESTION
Front
If the amount withheld by your employer results in an overpayment of income taxes you are likely eligible for a ________.
Back
refund
5.
FLASHCARD QUESTION
Front
The government agency overseeing the collection of income taxes.
Back
Internal Revenue Service
6.
FLASHCARD QUESTION
Front
Not filing a tax return is a crime.
Back
True
7.
FLASHCARD QUESTION
Front
_________________ are the primary source of revenue for the federal government.
Back
Income taxes
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
12 questions
Unit 6: Money & Banking
Flashcard
•
12th Grade
18 questions
Taxes Take 2
Flashcard
•
12th Grade - University
15 questions
Reading Tax Tables GimKit Make Up
Flashcard
•
12th Grade
13 questions
Types of Investments Formative
Flashcard
•
12th Grade
15 questions
Retirement Accounts
Flashcard
•
12th Grade
15 questions
CM 2.2A State Income Tax
Flashcard
•
12th Grade
15 questions
Unit 1 NGPF Taxes
Flashcard
•
12th Grade
15 questions
Financial Algebra Quarter 2 Final Exam Review part 2
Flashcard
•
12th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
20 questions
ELA Advisory Review
Quiz
•
7th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials
Interactive video
•
6th - 10th Grade
Discover more resources for Financial Education
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
11 questions
NFL Football logos
Quiz
•
KG - Professional Dev...
28 questions
Ser vs estar
Quiz
•
9th - 12th Grade
29 questions
CCG 2.2.3 Area
Quiz
•
9th - 12th Grade
15 questions
PRESENTE CONTINUO
Quiz
•
9th - 12th Grade
13 questions
BizInnovator Startup - Experience and Overview
Quiz
•
9th - 12th Grade
16 questions
AP Biology: Unit 1 Review (CED)
Quiz
•
9th - 12th Grade