DETAILED ANSWERS|LATEST UPDATE!!!!!!2026|GUARANTEED
CORRECT = 100
100
INCORRECT=0
STUDY MATERIALS.......DESIGNED TO HELP YOU SUCCEED
SPOTLIGHT 1
1
, WELL DETAILED ANSWERS|LATEST
UPDATE!!!!!!2026|GUARANTEED PASS|GRADED
Which of the following is considered earned income? C - ANSWER a) Interest from a
bank
b) Unemployment compensation
c) Income from farming
d) Gambling winnings
The tax on income that comes entirely from wages under $100,000 is determined according
to the: A - ANSWER a) Tax Tables
b) Tax Computation Worksheet
c) Qualified Dividends and Capital Gain Tax Worksheet
d) Schedule D Tax Worksheet
Which of the following shows these numbers rounded correctly: $31.43, $143.57, $369.22,
$1,547.88. B - ANSWER a) $32. $142. $368. $1,547.
b) $31. $144. $369. $1,548.
c) $31. $142. $369. $1,547.
d) $32. $144. $368. $1,547.
Which form is used by employers to report wages earned by their employees? A -
ANSWER a) Form W-2
b) Form W-4
c) Form 1040
2
CORRECT = 100
100
INCORRECT=0
STUDY MATERIALS.......DESIGNED TO HELP YOU SUCCEED
SPOTLIGHT 1
1
, WELL DETAILED ANSWERS|LATEST
UPDATE!!!!!!2026|GUARANTEED PASS|GRADED
Which of the following is considered earned income? C - ANSWER a) Interest from a
bank
b) Unemployment compensation
c) Income from farming
d) Gambling winnings
The tax on income that comes entirely from wages under $100,000 is determined according
to the: A - ANSWER a) Tax Tables
b) Tax Computation Worksheet
c) Qualified Dividends and Capital Gain Tax Worksheet
d) Schedule D Tax Worksheet
Which of the following shows these numbers rounded correctly: $31.43, $143.57, $369.22,
$1,547.88. B - ANSWER a) $32. $142. $368. $1,547.
b) $31. $144. $369. $1,548.
c) $31. $142. $369. $1,547.
d) $32. $144. $368. $1,547.
Which form is used by employers to report wages earned by their employees? A -
ANSWER a) Form W-2
b) Form W-4
c) Form 1040
2