Taxes Multiple Choice Test

The standard Internal Revenue Service (IRS) form that individuals can use to file their annual income tax returns

Form that details all non-employee compensation, including for specific jobs like freelancers or contractors

Employee-claimed exemptions on the W-4 to determine how much of an employee's pay to withhold from his or her paycheck for taxes

The actual rate you pay on your taxes, as a percentage of your overall income

The tax bracket that your highest dollar of income falls into, and therefore the highest tax rate you pay

A government-run insurance program that provides healthcare assistance to low income Americans

A government-run insurance program that provides healthcare assistance to elderly and disabled Americans

Federal and state taxes that all employers must pay, based on a percentage of the employee's salary, toward social services such as Social Security and Medicare

A federal program that provides monthly benefits to millions of Americans, including retirees, military families, surviving families of deceased workers, and disabled individuals

Form that an employer must send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld from their paycheck

Web Analytics Made Easy -
StatCounter