Tax Assessment Questions Fully
Solved.
Which form do you complete in order to file your taxes, annually? - Answer 1040
How do employers figure out how much federal income tax to withhold from your paycheck? -
Answer It is based on the information you have provided on your I-9 form
Which of the following events should happen FIRST in a calendar year? - Answer Deadline to
receive you W-2 form from your employer
Annually, what is the last day to file your taxes without an extension? - Answer April 15th
If you increase the number of allowances you claim on your W-4 form, your net pay in each
paycheck will... - Answer Increase
Liana graduated high school, now lives by herself, and has no children. She is starting a new full-
time job. How many allowances should she most likely claim on her W-4? - Answer 1
What is the deadline for you to receive you W-2 from your employer? - Answer January 31st
Who should expect to receive a W-2 from their employer? - Answer Any employee who
earned wages and had income, social security, or Medicare, taxes withheld
Why is your W-2 so important? - Answer It provides the income and tax information you
need to complete a 1040 form
Which of the following does the US government spend the LEAST money on? - Answer
Transportation
The United States has a "progressive" tax system. This means that... - Answer You pay
different tax rates across different tax brackets, and those who earn more are typically taxed at
a higher rate
Sarah and her brother Steve both both make the exact amount of money, but they are paying a
different amount in taxes. What is one reason why Sarah and Steve might pay different
amounts? - Answer They live in different states
Solved.
Which form do you complete in order to file your taxes, annually? - Answer 1040
How do employers figure out how much federal income tax to withhold from your paycheck? -
Answer It is based on the information you have provided on your I-9 form
Which of the following events should happen FIRST in a calendar year? - Answer Deadline to
receive you W-2 form from your employer
Annually, what is the last day to file your taxes without an extension? - Answer April 15th
If you increase the number of allowances you claim on your W-4 form, your net pay in each
paycheck will... - Answer Increase
Liana graduated high school, now lives by herself, and has no children. She is starting a new full-
time job. How many allowances should she most likely claim on her W-4? - Answer 1
What is the deadline for you to receive you W-2 from your employer? - Answer January 31st
Who should expect to receive a W-2 from their employer? - Answer Any employee who
earned wages and had income, social security, or Medicare, taxes withheld
Why is your W-2 so important? - Answer It provides the income and tax information you
need to complete a 1040 form
Which of the following does the US government spend the LEAST money on? - Answer
Transportation
The United States has a "progressive" tax system. This means that... - Answer You pay
different tax rates across different tax brackets, and those who earn more are typically taxed at
a higher rate
Sarah and her brother Steve both both make the exact amount of money, but they are paying a
different amount in taxes. What is one reason why Sarah and Steve might pay different
amounts? - Answer They live in different states
