Income & Taxes QUIZ!

Which of the following forms is meant to verify EMPLOYMENT requirements via multiple forms of identity?

• W2 Form

• W4 Form

• 1040EZ

• I9 Form

Which of the following forms is meant to determine your allowances / withholdings / deductions and affects your FEDERAL and STATE income tax %? Hint: YOU fill it out

• W2 Form

• W4 Form

• 1040EZ

• I9 Form

Which of the following forms is a summary of what you made & what you paid? Hint: You DON'T fill it out, but it IS needed in order to file your taxes

• W2 Form

• W4 Form

• 1040EZ

• I9 Form

Which of the following forms is the actual form you fill out when you file your taxes?

• W2 Form

• W4 Form

• 1040EZ

• I9 Form

Which type of income fits the description below:

Income made through your every day job

• Passive

• Present

• Earned

• Portfolio

Which type of income fits the description below:

Income made through investments

• Passive

• Present

• Earned

• Portfolio

Which type of income fits the description below:

Income made through a source that isn't your day to day job

• Passive

• Present

• Earned

• Portfolio

Which of the following taxes is NOT on your paystub?

• Sales tax

• Federal Income tax

• FICA

• State Income tax

What % is paid to FICA overall? (What is the flat rate?)

• 6.2%

• 10%

• 12%

• 12.4%

What % is paid to FICA by you personally, assuming you have a position that pays into social security?

• 6.2%

• 10%

• 12%

• 12.4%