True/False
Indicate whether the
statement is true or false.
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1.
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If you can be claimed on someone else’s (parent/guardian) tax form as a
dependent, then, no matter how much money you make, you don’t have to file a federal tax form
yourself.
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2.
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A resident who has children (dependents) cannot use the federal income tax form
1040EZ to file their taxes.
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Multiple Choice
Identify the choice that
best completes the statement or answers the question.
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3.
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Your employer will report your income for the year and the taxes withheld during
the year to you and to the federal, state and local tax agencies on what form?
a. | W-4 | b. | 1040EZ | c. | 1099-INT | d. | W-2 |
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4.
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When filing federal income taxes, which form is NOT commonly used?
a. | 1040EZ | b. | W-4 | c. | 1040 | d. | 1040A |
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5.
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The amount of money deducted from income for yourself is known as your
.....
a. | standard deduction | c. | itemized deduction | b. | personal exemption | d. | taxable income |
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Yes/No
Indicate whether you agree with
the statement.
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6.
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Is interest on a certificate of deposit taxable?
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7.
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If you get a ‘room and board waiver’, is that considered taxable
income?
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8.
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Is a ‘tuition waiver’ considered taxable income?
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Numeric Response
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9.
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For each exemption on your tax form (yourself, a child, etc.), how much money is
deducted from your adjusted gross income? $_______
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10.
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What is the standard deduction for most single filers of federal tax
returns? $____________
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