Taxes (Financial Literacy)

The federal income taxes that are withheld from your paycheck are used to pay for what?

What are two important items detailed in your W-2 form?

What are two mandatory categories of gov't. spending paid by FICA?

Medicare and Social Security are mandatory spending categories funded by which type of taxes?

All of the following are found on a W-2 form EXCEPT:

All of the following are benefits of gov't spending EXCEPT:

All of the following states have income taxes EXCEPT:

When should you receive your W-2 form from your employer?

Only U.S. citizens can be claimed as a dependent for tax purposes.

What are pre-tax deductions and contributions?

Which of the following is the term for a tax rate that increases at higher levels of income?

How much money did Americans not receive as a failure of submitting their taxes?

The purpose of SECA is to tax self-employed individuals an equivalent amount for Social Security and Medicare.

You're required to file a tax return in all scenarios EXCEPT:

What is the difference between gross pay and net pay?

The amount of money left on your pay stub after withholdings is called:

What's the easiest method to use for filing taxes?

What statement best describes discretionary government spending?

All can be claimed as a dependent for tax purposes EXCEPT: