Tax and Employment Flashcard

Front

You were unable to file your taxes before the April deadline and your application for an extension was approved. What month was your deadline extended to?

Back

October

Front

All of the following people can be claimed as a dependent for tax purposes EXCEPT... A 23 year old college student whose parents pay all of their expenses, A 17 year old high school student with a part-time job whose parents pay for all of their expenses, A 20 year old college student with a paid internship who pays for all of their own expenses, A 19 year old cousin with no job who has lived in your parent/guardian's house for the last year while attending college

Back

A 20 year old college student with a paid internship who pays for all of their own expenses

Front

You are required to file a tax return in all of the following scenarios EXCEPT...
You made $25,000 working a full-time job
You made $3,000 from investments in the stock market
You were self-employed and made $2,500
You made $9,000 working a part-time job

Back

You made $9,000 working a part-time job

Front

If you’re looking to pay as little as possible to file your taxes BUT you’re worried about making mistakes, which tax preparation method would be your best option? Options: Do-it-yourself paper filing, Online tax preparation service, Hiring a tax professional, Requesting the IRS complete your taxes for you

Back

Online tax preparation service

Front

When is Tax Day?

Back

April 15

Front

The form employers must provide to employees by January 31 of each year that gives annual income and withholding information is?

Back

Form W - 2

Front

Who is considered an alien on an I-9 form?

Back

A person who is not a citizen.

Front

Why do people fill out I-9 forms?

Back

To prove they can work in the US

Front

The amount of money you make before taxes and deductions....

Back

Gross Pay

Front

The form you fill out when you get a job for taxes to be pulled from your paycheck is called...​

Back

W4