Understanding Taxes

What is one of the primary uses of federal tax dollars?

• Maintaining city roads

• Building local parks

• Funding national defense

• Hiring local teachers

Which form helps your employer determine how much tax to withhold from your paycheck?

• 1099

• W-4

• W-2

• 1040

What type of tax is typically added at the point of sale in stores?

• Estate tax

• Sales tax

• Property tax

• Income tax

If you are a contracted worker, which form will you receive to report your income?

• 1040

• W-4

• 1099

• W-2

What is a common resource available to help individuals file their taxes?

• Local library

• Public schools

• Grocery stores

• Tax professionals