Personal Finance: Employment and Taxes
higher your lifetime earnings
Generally, the more education you receive, -- will be
Claim both deductions and credit as they can reduce your taxes
If you have to decide to claim a credit or deduction on your taxes which should you take?
taxes pay for schools first responders and roads
Which of the following statements is true about taxes?
to indicate where tax refunds should be sent
Why is it useful to have your bank account and routing numbers when using tax preparation software?
your federal and state taxes if your state requires it
Each year, you must file
Gross pay is before taxes are subtracted but net pay is after taxes are taken out
What is the difference between gross and net pay?
to inform your employer of how much federal income tax to withhold from your paychecks
What is the purpose of the W-4 form?
determine how much federal income tax your employer should withhold from your paychecks
When you start a new job, you fill out a W-4 form to
restaurant tax
Which of the following is NOT a possible tax or deduction that could be withdrawn from your paycheck.
W-2
Your employer sends you a -- form that tells you how much you've made and how much you've paid in taxes in the last year.
FICA taxes
Your salary is one thing to consider when reviewing a job offer but benefits are also important. Which of the following would NOT be a part of your benefits package?