Taxes

Which of the following ARE actual tax filing statuses? (Check all that apply)

• Engaged

• Married filing jointly

• Divorced with dependents

• Head of Household

• Qualifying Widower

Which of the following can be considered tax deductions? (Check all that apply)

• Student loan interest payments

• Giving to charity

• Filing your taxes

• Mortgage loan interested paid

Your taxable income is

• The total amount you make before taxes are taken out

• the amount you owe after filing taxes

• The amount on which you will pay income tax

• The amount of your tax refund

The main purpose of a W2 is

• To accept a new job

• To use while doing your taxes

• To open a new bank account

• To tell your employers how much taxes to take out of your check

The deadline to submit taxes or file an extension is

• March 1

• March 15

• April 1

• April 15

Which of the following are ways you can file your taxes? (Check all that apply)

• Online Tax Prep

• By phone

• On your own (mail in)

• With a tax professional

You must file state income taxes in Texas.

• True

• False

If you make under a certain amount of money, you are not allowed to file taxes.

• True

• False

An itemized deduction schedule is

• An amount that you can subtract from your adjusted gross income (an amount set by the IRS)

• An amount you add to your gross income before taxes

• An amount you can subtract from adjusted gross income (you must add up all deductions individually)

• A dependent

The amount an employer removes from your paycheck each month to pay for taxes is called?

• Itemized Deduction

• Withholding

• Exemption

• Dependent