When do you start paying income taxes?

Unit 9 Taxes

Quiz
•
Financial Education
•
9th Grade
•
Hard
Emma Otterstad
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
When you turn 18
When you get a full-time job (part-time does not count)
When you make more than the minimum income requirement
When you are notified by the IRS that you are required to pay federal income taxes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to be extremely careful when completing your 1040 form?
Making a mistake will disqualify you from receiving future refunds
The 1040 form determines whether you owe additional taxes or are entitled to receive a refund from the government
Completing the 1040 incorrectly will mean the wrong amount of taxes will be withheld from your paychecks going forward
Mistakes on your 1040 form make you ineligible for employment during the next year
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following paycheck withholdings puts money into a retirement investment fund that you will manage?
Social Security
Medicare
401(k) contribution
Federal income taxes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When determining whether you NEED to file a federal tax return, each of these questions matters EXCEPT...
How much income did you earn this year?
What type of income did you earn this year?
What state do you live in?
Are you claimed as a dependent on anyone else's tax return?
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Elaine just accepted a new job and is working with the company’s HR department to fill out paperwork. Which of the following steps is she responsible for?
Determine how much tax to withhold from her paychecks based on W-4 information
Complete a W-4 form
Send withholding amounts to the federal government
Complete a W-2 form
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the name of the tax form that requires you to provide identification and proves you are eligible to work in the U.S.?
I-9
1099
1040
W-4
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following statements about this W-2 form is true?
Avia Consulting will use this W-2 to file their 1040 form
James earned about $117,000 over the year based on the total of her Wages, Social Security wages, and Medicare wages
James paid state income taxes of $1,189.90
James works in the same city that Avia Consulting is based in
Create a free account and access millions of resources
Similar Resources on Quizizz
12 questions
Tax/Tax returns Vocabulary

Quiz
•
9th Grade
15 questions
Financial Literacy DBA Module 1

Quiz
•
9th - 12th Grade
11 questions
Chapter 8 lesson 3

Quiz
•
9th Grade
10 questions
Personal Financial Planning - Final Assessment

Quiz
•
9th Grade - University
20 questions
Module 02: Review

Quiz
•
9th - 12th Grade
15 questions
VITA Volunteer Standards of Conduct Quiz

Quiz
•
9th - 12th Grade
20 questions
Understanding Debt & Bankruptcy & Loans

Quiz
•
9th Grade
20 questions
PF - Unit 6: Investing Strategies & Exponential Functions

Quiz
•
9th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade
Discover more resources for Financial Education
25 questions
Spanish preterite verbs (irregular/changed)

Quiz
•
9th - 10th Grade
10 questions
Identify Slope and y-intercept (from equation)

Quiz
•
8th - 9th Grade
10 questions
Juneteenth: History and Significance

Interactive video
•
7th - 12th Grade
8 questions
"Keeping the City of Venice Afloat" - STAAR Bootcamp, Day 1

Quiz
•
9th - 12th Grade
26 questions
June 19th

Quiz
•
4th - 9th Grade
27 questions
STAAR English 1 Review

Quiz
•
9th Grade
20 questions
Understanding Linear Equations and Slopes

Quiz
•
9th - 12th Grade