TAXES: FEDERAL 1040 fully
solved & updated
taxes - answer what the government levies upon us to obtain the
money needed to operate
Taxes pay for various services such as roads. - answer True
Form 1040EZ is used by individuals who do not claim a lot of
deductions. - answer True
Taxes are what the government levies upon us to obtain the money
needed to operate. - answer True
The government makes tax forms available at what three locations?
- answer libraries
post offices
over the Internet.
The income tax is a graduated tax. This means there is only one
level or rate. - answer False
At the end of the year, the employee will receive a statement, called
a W-2 Form, showing his total earnings and the total Federal income
tax deducted. - answer True
Given the pay rate and hours worked, determine the gross earnings,
Federal taxes (assuming 15% of gross earnings), state taxes
(assuming 5% of gross earnings), local taxes (assuming 2% of gross
earnings), social security deduction (assuming 7.65% of gross
earnings), total deductions, and net pay. - answer Work: First figure
out how much the gross pay is by multiplying hours worked to
solved & updated
taxes - answer what the government levies upon us to obtain the
money needed to operate
Taxes pay for various services such as roads. - answer True
Form 1040EZ is used by individuals who do not claim a lot of
deductions. - answer True
Taxes are what the government levies upon us to obtain the money
needed to operate. - answer True
The government makes tax forms available at what three locations?
- answer libraries
post offices
over the Internet.
The income tax is a graduated tax. This means there is only one
level or rate. - answer False
At the end of the year, the employee will receive a statement, called
a W-2 Form, showing his total earnings and the total Federal income
tax deducted. - answer True
Given the pay rate and hours worked, determine the gross earnings,
Federal taxes (assuming 15% of gross earnings), state taxes
(assuming 5% of gross earnings), local taxes (assuming 2% of gross
earnings), social security deduction (assuming 7.65% of gross
earnings), total deductions, and net pay. - answer Work: First figure
out how much the gross pay is by multiplying hours worked to
