BHS 3rd Hour Taxes Test

by: mburgess
  1. 1

    Social Security, or FICA Tax provides which of the following benefits?

  2. 2

    Payroll taxes must be paid monthly, and the employee is responsible for mailing them to their state government.

  3. 3

    The standard deduction reduces the income that is subject to tax.

  4. 4

    Tips paid in cash are not taxable.

  5. 5

    What info is included on your W-4?

  6. 6

    The W-2 is necessary to complete federal income tax returns.

  7. 7

    A dependent can be which of the following

  8. 8

    When payments are greater than the total tax, the taxpayer

  9. 9

    A PIN number is necessary

  10. 10

    Which of the following is a filing status?

  11. 11

    Dependents must be

  12. 12

    Which of the following is a federal tax credit?

  13. 13

    Interest income is subtracted from earnings before calculating tax due.

  14. 14

    A tax credit is added to the total tax calculated

  15. 15

    The 1040EZ form is 10 pages long and is difficult to prepare.

  16. 16

    A federal tax return can be filed on-line.

  17. 17

    Form 1099-INT reports a taxpayers

  18. 18

    Which of the following does not qualify as an exemption

  19. 19

    Every U.S. taxpayer must use a licensed tax preparer to file their taxes.

  20. 20

    The online IRS Understanding Taxes included tutorials, fact sheets, simulations, and assessments.

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