CFL Taxes Exam Questions with 100%
Correct Answers.
Let's say I wait tables after school. Are my tips taxable?
yes
The Social Security tax rate is?
6.20%
Employers use which form to compute the amount of federal income tax to withhold?
W-4
Gross pay is the amount of pay the employee takes home.
False
Who completes Form W-4?
Employee
The Wage and Tax Statement is also known as
W-2
Which of the following is true?
All tip income is taxable.
Which of the following is not reported on Form W-2?
The number of withholding allowances claimed by the employee on Form W-4
The employee and the federal government both receive Form W-2.
False jk True
Did Noriko Miyahara have Social Security tip income?
NO
Correct Answers.
Let's say I wait tables after school. Are my tips taxable?
yes
The Social Security tax rate is?
6.20%
Employers use which form to compute the amount of federal income tax to withhold?
W-4
Gross pay is the amount of pay the employee takes home.
False
Who completes Form W-4?
Employee
The Wage and Tax Statement is also known as
W-2
Which of the following is true?
All tip income is taxable.
Which of the following is not reported on Form W-2?
The number of withholding allowances claimed by the employee on Form W-4
The employee and the federal government both receive Form W-2.
False jk True
Did Noriko Miyahara have Social Security tip income?
NO
