GOVERNMENT SPENDING
This type of government spending is required by law?
Mandatory spending
Example: SNAP benefits
*BLANK* is the total amount of money you earn before any deductions.
Gross Income or Gross Pay
Which form determines how much federal income tax is withheld from your paycheck?
A. W-4
B. 1040
C.I-9
D. 1099
A. W-4
If you paid more taxes than you owed, you receive a what?
**The key term is the right answer**
Refund
Which Musician is known for Christmas being their holiday?
A. Mariah Carey
B. The Grinch
C. Sabrina Carpenter
D. Ariana Grande
A. Mariah Carey
Give an example of Mandatory Government Spending?
*BLANK* describes money taken out of your paycheck for taxes and benefits.
Withholding or Deductions
You receive this form that shows your total earnings and taxes withheld for the year in January.
W-2 Form
What factor does NOT affect whether you must file a federal tax return?
A. If you are a dependent
B. If you are Single or Married
C. The State you live in
D. If you had Health Insurance for the year
C. The State you live in
Who will be performing at the Super Bowl 2026?
Bad Bunny
What type of spending is decided each year by Congress?
Discretionary Spending
Example: Spending on the Military
*BLANK* the amount of money you actually take home.
Net Pay or Take-Home Pay
Once you receive your W-2 form, you can use it to fill out which federal income tax form?
A. W-4
B. IRS Form 123
C. IRS Form 1040
D. I-9
C. IRS Form 1040
Dependent
Which hotel denied ICE agents to reserve a reservation last week?
Hampton Inn by Hilton
Which of the following is an example of Discretionary spending?
A. Education
B. Social Security
C. Unemployment Benefits
A. Education
Which payroll tax funds Social Security Benefits?
A. State Tax
B. Federal Tax
C. FICA SS Tax
D. Health Insurance Deduction
C. FICA SS Tax
Which form do you use to identify your status in the USA for employment?
A. Form 1040
B. W-2
C. W-4
D. I-9
D. I-9
Income Taxes are based on....
A. The State you live in
B. The President
C. If you are over the age of 18
D. Tax Brackets
D. Tax Brackets
FREE SPACE - No Question for this amount, you automatically win 400 points!
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True or False?
Mandatory Spending usually increases or decreases based on the number of people eligible for benefits.
TRUE
This payroll tax helps pay for healthcare for people age 65 or older?
A. Health Insurance Deduction
B. State Tax
C. Federal Tax
D. FICA MED Tax
D. FICA MED Tax
True or False: It is illegal for anyone to complete their own tax return and can only be achieved by a certified Tax Preparer.
False
Why is it important to complete the 1040 form?
It is important because it determines if you owe taxes or receive a refund.
Which SNL comedian just dropped their 1st Netflix special last week?
Marcello Hernandez