2025 CCR TEST Questions And CORRECT
Answers
Why is it important to be extremely careful when completing your 1040 form? - CORRECT
ANSWERS The 1040 form determines whether you owe additional taxes or are entitled to receive a
refund from the government.
Why should you accurately complete a W-4 form any time you start a new job or change your tax status?
- CORRECT ANSWERS Your W-4 determines how much Federal income tax money your
employer should withhold.
Jay filed his taxes and found out he owes money. What is the most reasonable explanation as to why he
owes money in taxes? - CORRECT ANSWERS Not enough money was withheld from his
paychecks.
Which statement about filing a tax return is FALSE? - CORRECT ANSWERS People who are not
familiar with filing taxes should not use e-filing software, because there is no access for support if they
need it.
All of the following are ways to pay any taxes you owe EXCEPT... - CORRECT ANSWERS Use
an app or website like PayPal or Venmo
At what point in the hiring process might you be expected to complete forms for taxes, health insurance,
and other company benefits? - CORRECT ANSWERS Within the first few days of starting your
new job
What does the term "withholding" mean in reference to your paycheck? - CORRECT
ANSWERS How much is being taken out of your paycheck in taxes
When do you start paying taxes? - CORRECT ANSWERS When you make more than the
minimum income requirement
Answers
Why is it important to be extremely careful when completing your 1040 form? - CORRECT
ANSWERS The 1040 form determines whether you owe additional taxes or are entitled to receive a
refund from the government.
Why should you accurately complete a W-4 form any time you start a new job or change your tax status?
- CORRECT ANSWERS Your W-4 determines how much Federal income tax money your
employer should withhold.
Jay filed his taxes and found out he owes money. What is the most reasonable explanation as to why he
owes money in taxes? - CORRECT ANSWERS Not enough money was withheld from his
paychecks.
Which statement about filing a tax return is FALSE? - CORRECT ANSWERS People who are not
familiar with filing taxes should not use e-filing software, because there is no access for support if they
need it.
All of the following are ways to pay any taxes you owe EXCEPT... - CORRECT ANSWERS Use
an app or website like PayPal or Venmo
At what point in the hiring process might you be expected to complete forms for taxes, health insurance,
and other company benefits? - CORRECT ANSWERS Within the first few days of starting your
new job
What does the term "withholding" mean in reference to your paycheck? - CORRECT
ANSWERS How much is being taken out of your paycheck in taxes
When do you start paying taxes? - CORRECT ANSWERS When you make more than the
minimum income requirement
