Federal and State Income Tax

A tax collected by the Internal Revenue Service on the annual earning of individuals and businesses.

• State Income Tax

• Federal Income Tax

• Sales Tax

• None of the Above

Which of the following is a percentage of money that you pay to the state government based on the income you make at your job.

• State income tax
• Capital gains tax
• Property tax
• Sales tax

Tags

CCSS.6.RP.A.3C

What type of form do you fill out when you get a new job that will determine how much federal income tax will be withheld from each paycheck?

• W-4 form
• I-9 form
• 1099 form
• W-2 form

What types of things do your federal income tax withholdings depend on? (Pick 3 correct answers)

• Your income

• Marital Status

• Spending habits

• Withholding allowances

Which of the following states do NOT collect state income tax? (Pick 3 correct answers)

• Louisiana

• Alaska

• Tennessee

• Texas

A new employee has a gross income of $45,000 a year. The state income tax is a flat rate of 4.5% of taxable wages. The employee is married and has one dependent. Calculate the state income tax the employee owes for the year.

Personal Exemptions:

Single- $2000 Married - $40000 Each Dependent - $900

• $45,000

• $1,804.50

• $42.,100

• $2,025

Tags

CCSS.6.RP.A.3C

You have a gross income of $72,500 a year. If you are single with no dependents, what would be your taxable income according to the Federal Income Tax Schedule for 2022?

• $59,550

• $46,600

• $72,500

• $71,250

According to the Federal Income Tax Schedule for 2022, what is the standard deduction for someone who is married?

• $10,275

• $25,900

• $12,950

• $1,250

Samantha's gross income is $55,000 a year. She is single and has three dependents. Calculate the federal income tax that she must pay using the graduated tax schedule for 2022.

Hint: Step one is to calculate her taxable income.

• $4,390.50

• $3,363.00

• $38,300

• $1,027.50

Tags

CCSS.8.F.B.4

CCSS.HSF.IF.B.6

If Jeremy owes $9,250 in Federal Income Tax for the year, how much does he pay in federal income tax each pay period if he is paid monthly?

• $385.42

• $177.88

• $355.77

• $770.83

Tags

CCSS.7.EE.B.3