OCS Financial Management Module 3 Test

When you get a job, you will be required to complete a ________ form. This form is usually completed on your first day of work or at an employee training prior to starting work.

• W-4
• W-2
• 1040

The ________ form shows how much money you made and how much you paid in taxes from the previous year.

• D-400
• W-4
• W-2

Tags

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

How much money did Jackson make last year?

• $1,255.60

• $25,304.90

• $7,236.86

Tags

CCSS.6.NS.B.3

How much did Jackson pay in federal income taxes last year?

• $1,255.60

• $25,304.90

• $7,236.86

Tags

CCSS.7.RP.A.3

How much did Jackson pay in state income taxes last year?

• $1,255.60

• $25,304.90

• $7,236.86

Tags

CCSS.6.NS.B.3

A __________ is a person who relies on another person, usually a family member, for financial support.

• taxpayer
• dependent
• employee

Tags

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RL.7.4

CCSS.RL.8.4

CCSS.RL.9-10.4

One way to prepare and file your federal income tax return is online. Filing your taxes online is called __________.

• Manuel file
• Government File
• e-File

Tags

CCSS.RI.11-12.3

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

One benefit of using E-file to prepare and file federal and state income taxes is __________.

• increased accuracy in calculations
• increased math errors
• takes longer to complete

Taxpayers may prepare and file their tax returns electronically from all of the following except:

• post offices

• Authorized e-file provider

• home

The ______ offers free file software for individuals who have an income below $73,000.

• schools

• IRS

• employer

Tags

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5