Taxes
What month do you need to file your taxes by each year?
What is April
What is the name of the government bureau that is responsible for processing your tax returns
The IRS
I am received every time you start a new job.
I determine whether you are eligible to work in the United States.
You will need a passport or license to complete me
What am I?
I am an I-9 form
What is the first line of the Spelman College Hymn?
Spelman, thy name we praise
What is the minimum amount (%) of your income that you should save for your emergency fund and long-term goals?
10%
What is one reason why you should file your taxes?
1. Get money
2. Apply for financial aid
3. Avoid paying penalties
Name one online tax software
Answers may vary
I am due by April 15th
You can fill me out using Turbo Tax or you can do it yourself
I report your salary, wages, taxable interest, any investments and any other income
I am a 1040 form
What year was Spelman College founded?
1881
What is compound interest?
Interest on interest of an original principal amount.
What is one way to file your taxes?
1. Hire an accountant
2. Use an online tax software
3. Fill out IRS form 1040
According to most taxpayers, what is the main benefit to filing your taxes early?
You may get your tax refund earlier
You will receive me if you are a freelancer or self employed
I am a 1099-NEC form
What is Spelman's current annual budget?
$136,322,142 Million
What is an example of secured debt?
Car, house, commercial lease, anything attached to a tangible asset.
In most places how often are tax returns filed?
Once a year
If you are a minor and make over $12,400 do you still need to file your taxes?
Yes. Your parents need to file your taxes
You fill me out every time you start a new job
What you write on me determines how much your employer withholds in taxes
I am a W-4
What is Spelman College's Motto?
“Our Whole School for Christ”
True or False: A 620 is an excellent credit score.
False.
What was last year's deadline for filing taxes?
April 15th
True or False: A taxpayer's spouse can be claimed as a dependent
False. Only a child, stepchild, brother, sister, or parent.
You will receive me by your employer
You need me in order to file your taxes
I am a W-2
Who founded Spelman College?
Sophia Packard and Harriet Giles.
I express a stock's performance as a percentage change over time, but can be misleading if not considered in context. What am I?
Growth Rate