Payroll Taxes And Federal Income Tax Withholding Question Preview (ID: 61512)


Payroll Taxes And Federal Income Tax Withholding. TEACHERS: click here for quick copy question ID numbers.

Which tax provides for medical benefits?
a) FICA
b) FederaL Interest Tax
c) Social Security Tax
d) Medicare Tax

How much income tax do employers withhold from employee pay?
a) 6.2% of gross pay
b) 1.45% of gross pay
c) 7.65% of gross pay
d) Employers use the information on Form W-4 to compute income tax withholding.

Net pay
a) is more than gross pay.
b) is also known as take-home pay.
c) is gross pay minus 7.65%.
d) depends on how much the employee wants to pay in Social Security taxes

Who completed Form W-4?


a) Employer
b) Ahmed Khan
c) Accountant
d) Bank

Is the taxpayer married or single?


a) married
b) single
c) divorced
d) widowed

How many allowances does the taxpayer claim?


a) 0
b) 1
c) 2
d) 3

What is the additional tax amount the employee want to be withheld?


a) $25
b) $50
c) $75
d) $100

What form is used to file personal taxes in the United States?
a) W-2
b) W-4
c) 1099-INT
d) 1040EZ

If you earned tips as earnings, which tax form will it be on?
a) W-4
b) W-2
c) 1099-INT
d) 1040EZ

Interest income is represented on which tax form?
a) W-4
b) W-2
c) 1099-INT
d) 1040EZ

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