Gov Taxes

what is the first day you can submit your tax returns

1/23

what is the deadline for filing income tax returns that have received extensions

10/15

what is completed every april

1040

what is the last day to submit income tax forms or request an extension

4/18

Which form do you use to prove that you are eligible to work in the U.S.? a.)W-4 b.)I-9 c.)W-2 d.)1040

b.)I-9

If you cannot make a tax payment in full, what is the best next step to take? a.)contact the IRS to see if there is a payment plan that works for you b.)ignore the tax bill-the IRS will know that you cannot make the payment at this time c.)pay as much of the bill as you can and leave the rest unpaid d.)pay $300 to see a tax professional and get their advice on what to do

a.)contact the IRS to see if there is a payment plan that works for you

Ben just received his first paycheck in the mail. All of the following are deductions he should expect to see EXCEPT... a.)healthcare b.)federal income tax c.)medicare d.)social security

a.)healthcare

If you are a dependent, which of the following is TRUE about filing your taxes? a.)you fill out your own 1040 form and receive a refund or are responsible for paying any taxes you owe b.)you don't need to fill out your own form; the person who is claiming you can include your tax filing information on their 1040 c.)you claim a lower standard deduction on the 1040 d.)any refund you get is sent to the person who is claiming you as a dependent

a.)you fill out your own 1040 form and receive a refund or are responsible for paying any taxes you owe

All of the following statements about using tax filing software are true except... a.)it is best if you feel comfortable with technology and filing your taxes independently b.)it is best to use if you have a major like event, such as marriage, divorce, buying or selling a house c.)you are most likely to get quicker returns when using tax filing software d.)you have access to tax professionals if you have questions

b.)it is best to use if you have a major like event, such as marriage, divorce, buying or selling a house

Which of the following does the Federal government spend a large portion of taxpayer money on? a.)education b.)military c.)science d.)transportation

b.)military

Jessie did not meet the minimum income requirement to file a tax return. What is one reason for why she should file a tax return anyway? a.)she still needs to report her income to the federal government b.)she could potentially get a refund for the taxes that were withheld from her paycheck c.)she can qualify for a higher tax refund next year d.)she is still legally required to file a tax return even if she does not meet the minimum income requirement to owe taxes

b.)she could potentially get a refund for the taxes that were withheld from her paycheck

when do you start paying taxes? a.)when you turn 18 b.)when you make more than the minimum income requirement c.)when you get a full-time job d.)when you are notified by the IRS that you are required to pay federal income taxes

b.)when you make more than the minimum income requirement

what are two primary ways to make tax payments

bank accounts or debit/credit card

Which of the following statements about the W-2 form is true? a.)you receive it when you first start a new job b.)it tells your employer how much to withhold from each paycheck c.)it identifies how much was withheld in taxes d.)if you had multiple jobs in one year, you receive one W-2 form

c.)it identifies how much was withheld in taxes

Which of the following statements is true about net pay and gross pay? a.)net pay is the total amount of money you get before taxes are deducted. gross pay is the total amount of money you get after taxes are deducted. b.)net pay is the total amount of money you get from a month. gross pay is the total amount of money you get for a whole year. c.)net pay is the total amount of money you get after taxes are deducted. gross pay is the total amount of money you get before taxes are deducted. d.)net pay is a term used by employers. gross pay is a term used by employees

c.)net pay is the total amount of money you get after taxes are deducted. gross pay is the total amount of money you get before taxes are deducted.

why might it be disadvantageous to receive a large refund instead of a smaller one? a.)receiving a large refund means you were underwithholding from each paycheck, and that's money you could have used throughout the year for other things b.)you are less likely to get a large refund in the following tax year c.)receiving a large refund means your were overwithholding from each paycheck, and that's money you could have used throughout the year for other things d.)the IRS may put you in a higher tax bracket for the following tax year

c.)receiving a large refund means your were overwithholding from each paycheck, and that's money you could have used throughout the year for other things

Who has to file a tax return? a.)amy-she earned $6,320 at her part-time job at the ice cream store over the past year b.)james-he earned $3,250 as a babysitter for his neighbors' kids c.)sumika-she earned $12,400 over the past year at her internship d.)sean-he earned $350 through his graphic design business

c.)sumika-she earned $12,400 over the past year at her internship

Which of the following statements about the W-4 form is false? a.)you usually fill it out when you first start your job b.)its purpose is to let your employer know how much to deduct from your paycheck in taxes c.)you get the form in the mail a few months before you file your taxes d.)you get a new W-4 form for every job you have

c.)you get the form in the mail a few months before you file your taxes

When completing a 1040, you need... a.)your W-4 form b.)the 1040 you used in the previous tax filing year c.)the refund amount or the amount owed for the previous tax filing year d.)a W-2 form for every job you held in the past year

d.)a W-2 form for every job you held in the past year

If you are filing taxes for your 2022 income, the due date for filing would be... a.)january 2022 b.)april 2022 c.)january 2023 d.)april 2023

d.)april 2023

if you can't pay immediately, what is one course of action you can take? what are the criteria?

file and pay taxes with what you can by the due date and you must owe $50,000 or less in combined tax.