Final Assessment - Taxes and the W-4 Form

Final Assessment - Taxes and the W-4 Form

9th Grade

5 Qs

quiz-placeholder

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Final Assessment - Taxes and the W-4 Form

Final Assessment - Taxes and the W-4 Form

Assessment

Quiz

Financial Education

9th Grade

Medium

Created by

Mike Arroyos

Used 3+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these taxes is not included as withholding tax?

Federal and state taxes (if your state has taxes)

Social security taxes

Real estate taxes

Medicare taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Workers who pay FICA taxes...

typically don't have to pay any federal or states taxes.

typically qualify to receive payments and benefits in the future.

typically receive a larger tax refund in the Spring.

do make more money than other workers.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does IRS Stand for and what do they do?

Internal Revenue Service - the federal government's tax collection department.

Internal Revenue State - assist with student loans.

Internationally Responsible Students - promote social fairness and spirit.

Institute of Reliability Standards - monitor of meat checking and processing.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The W-4 form is used by employers to determine:

the amount of money an employee should be earning.

the amount of money an employee should be saving from each paycheck.

future retirement money to be saved.

the amount of money to be withheld from an employee to pay taxes.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is the money an employer withholds from an employee's paycheck?

personal allowances

exemptions

dependents

withholding