Tax Unit Review 21/22

What are the two types of Federal Spending?

After filing taxes(1040), If you owe the IRS money, Each of the following is a possible way to pay the tax EXCEPT...

When do you legally have to file your taxes?

True or False: When filing taxes, if you work for more than 1 employer you need separate W2s for each employer?

This form is received when you start a job. You use it to prove that you are eligible to work in the U.S

Which of the following is NOT needed when you complete your tax return?

This form is completed when you file taxes. There is a LOT to fill out. * Turbotax is a modified version of this

What are some things you receive as a benefit of taxes?

This form is received in Jan for every job worked. Used to file your taxes. It tells how much you earned and paid in tax

Natalie's net pay is $525/week. Her gross is $700. How much money is deducted from her paycheck each week?

Gross pay minus any deductions will equal

Income earned BEFORE taxes and deduction are taken is _______.

This form is required when you start a new job? It tells your employer how much to take in taxes.

What is the last day to file taxes? Tax Day

A __________ is the amount of money you overpaid in taxes, which will be returned to you if you file your taxes.

What is one example of discretionary spending?

W2 Review. What is the amount in Box 6 Medicare Tax Withheld?

Which of the following are the three largest categories of federal government spending?

Form received in January. You get one if you are not an employee but got paid. You probably didn’t get taxes withheld