6-4: Forms 1040EZ and 1040A

What is the amount of tax that a taxpayer is responsible for paying called?

• Taxable income

• Tax refund

• Tax liability

• Tax deduction

What is the term used when taxpayers cooperate with the taxpaying process?

• Voluntary compliance

• Tax evasion

• Tax avoidance

• Tax resistance

What is the document used to report income to the government and figure out whether enough income tax has been paid?

• W-2 form

• Tax receipt

• Income statement

• Tax return

Which form is used to report interest income and income from dividends?

• Schedule B

• Schedule A

• Schedule D

• Schedule C

What is the standard deduction for a Married Filing Jointly filing status?

• $24,400

• $26,000

• $22,000

• $20,000

What is the total income from wages, bank interest, and ordinary stock dividends for Brian and Margaret O’Sullivan?

• $114,000

• $108,000

• $99,854

• $110,000

How much did the standard deduction lower the O’Sullivans’ tax liability?

• $3,000

• $1,500

• $2,500

• $2,000

What is the difference between the tax and the amount the employers withheld for the O’Sullivans?

• $838

• $738

• $638

• $538

Will William get a refund or does he owe the government money if his tax is $11,874 and his employer withheld $13,956 in federal income tax?

• Refund

• Owe money

• Break even

• Not enough information

What is the correct entry for Box 6 (Medicare tax withheld) for Miguel Seinfeld?

• $0.20

• $0.10

• $0.00

• $0.30