Multiple Choice
Identify the choice that best completes the statement or
answers the question.
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1.
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Employees have to complete a W-4 (shown) upon hire.
What is the purpose of a W-4 Form?
A. | It allows an employee to declare their number of
exemptions. | C. | It all allows an employee to set additional withholdings
to be deducted from pay. | B. | It allows the
appropriate amount of taxes to be deducted from a paycheck.
| D. | It allows for all
of the above actions. |
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2.
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Tyson earns money from running his own landscaping
business. Which tax form should he use to file his return?
A. | 1040EZ | C. | 1040B | B. | 1040 | D. | 1040A
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3.
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Paige and Bryan are married. They have income from
working jobs. They have 3 children ages, 2, 5 and 7. Which tax form would they use to file
their federal income taxes?
A. | 1040EZ | C. | 1040B | B. | 1040 | D. | 1040A
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4.
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Julia wants to file her Federal Income Tax, but is
waiting to receive her W-2 Form from her employer. By what date must Julia’s employer give her
the W-2 Form?
A. | December 31 | C. | March
31 | B. | January 31 | D. | May
31
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5.
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Lynn needs to file her Federal Income Tax Return.
What form does she need from her employer to file her taxes?
A. | W-4 | C. | W-2 | B. | 1040A | D. | 1040EZ
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6.
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What is the yearly deadline for filing a federal income tax
return?
A. | February 15th | C. | April 15th | B. | March 15th | D. | May 15th
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7.
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Matthew is completing his W-4 Form for employment.
Matthew is married with 3 children. How many allowances can he claim on his W-4?
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Using the 1040EZ Form and Tax Table Packet (on website) and Teresa
Alvarez’s W-2 to complete her 1040EZ form.
Tax information:
She has taxable
interest of $1,450.00.
She is single.
She is not claimed by anyone else.
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8.
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What is the amount that should be entered on Line 1 of the 1040EZ?
A. | $21,880.59 | B. | $86,411.75 | C. | $87,900.00 | D. | $88,775.00 |
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9.
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What is the amount that should be entered on Line 2 of the 1040EZ?
A. | $887.75 | B. | $1,287.24 | C. | $1,450.00 | D. | $5,326.50 |
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10.
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What is the amount that should be entered on Line 3 of the 1040EZ?
A. | $0.00 | B. | $50.00 | C. | $500.00 | D. | $1,000.00 |
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11.
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What is the amount that should be entered on Line 4 of the 1040EZ?
A. | $86,411.75 | B. | $86,461.75 | C. | $87,861.75 | D. | $89,361.75 |
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12.
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What is the amount that should be entered on Line 5 of the 1040EZ?
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13.
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What is the amount that should be entered on Line 6 of the 1040EZ?
A. | $77,861.75 | B. | $86,411.75 | C. | $87,861.75 | D. | $97,861.75 |
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14.
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What is the amount that should be entered on Line 7 of the 1040EZ?
A. | $887.75 | B. | $1,287.24 | C. | $5,449.80 | D. | $21,880.59 |
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15.
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What is the amount that should be entered on Line 8 of the 1040EZ?
A. | $0.00 | B. | $50.00 | C. | $500.00 | D. | $1,000.00 |
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16.
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What is the amount that should be entered on Line 9 of the 1040EZ?
A. | $887.75 | B. | $1,287.24 | C. | $5,449.80 | D. | $21,880.59 |
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