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What are taxes?
Documents & Filing
Defintion
Application
Random
100

What effects your tax bracket?

income
100

What is the standard deduction for the 2025 tax year?

15000

100

Someone you financially support who can be "claimed" on a tax return to reduce your taxable income and lower your taxes

dependent

100

When do you need to start paying income tax?

When you make more than the minimum income requirement (standard deduction)

100

  • I am received whenever you start a job

  • You list information about yourself and your family on me

  • I determine how much money gets taken out of each paycheck

W-4

200

Social Security and Medicare are examples of what type of government spending on taxes?

Mandatory government spending (FICA)

200

What do you need to do when you file taxes if you work jobs in both VA and MD?

file taxes for both states

200

The portion of an employee's wages that is not included in their paycheck because it goes directly to federal, state and local taxes

Withholding

200

When Ms. Jamison gets married, she will need to fill out a new W-2 form. True or False

true

200

  • I am received whenever you start a job

  • You use me to prove that you are eligible to work in the U.S.

  • You must provide forms of identification when submitting me

I-9

300
What is ONE benefit of filing your taxes online?
- not as expensive as a professional

- can ask questions online 

- easier to not make mistakes via paper 

- could be faster 

300

You get this in your mail from your employer once a year 

W-2

300

An amount that can be subtracted from person's tax liability that lowers their taxable income

Tax deduction

300

How much state income tax did this person pay?

1,189.90

300

  • I am completed every April

  • Anyone can use me

  • Beware, there is a LOT to fill out

1040

400

What is ONE benefit of hiring a professional to do your taxes?

- will not make a mistake

- faster

- easier 

400

You fill this out when you get employed

W-4

400

Spending by the federal government determined by legislative action and approved through votes by elected officials

discretionary spending 

400

If you make 9,000$ from your part time job, do you NEED to file for taxes?

No

400

  • I am received in January

  • There is one of me for every job you work

  • You can tell how much you earned and how much you paid in taxes by reading me

W-2

500

If taxpayer fills out their W-4 in a way that does not withhold enough money to cover their tax bill, what is the most likely outcome after they file their taxes the next spring?

they will owe money

500

Which of these are true about a 1040 form? 

  1. Making a mistake will disqualify you from receiving future refunds

  2. The 1040 form determines whether you owe additional taxes or are entitled to receive a refund from the government

  3. Completing the 1040 incorrectly will mean the wrong amount of taxes will be withheld from your paychecks going forward

  4. Mistakes on your 1040 form make you ineligible for employment during the next year

2
500

A federal law that requires an employer to withhold taxes from the wages they pay their employees; the funds go toward Social Security and Medicare

Federal Insurance Contributions Act (FICA)

500

You have 3 different jobs but when you file your taxes, you only need 1 W-2 form. True or false

false

500

  • I am received in January

  • You get me if you are not an employee, but were paid by a company

  • You can also get me for other types of income, such as gains and losses in brokerage accounts, dividend and interest payments, and more

  • You probably didn’t get taxes withheld if you got me, so you may have a big tax bill coming up

1099