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Taxes Unit Assessment study guide (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED.pdf
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Taxes Unit Assessment study guide (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED.pdf
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8/5/24, 8:33 AMTaxes Unit Assessment study guide
Jeremiah
Terms in this set (25)
Grace has decided to e-file her taxes this Grace will have just one submission ID, which makes it less likely that the state will reject
year. Why should she file her state and her state tax return.
Federal taxes together through the same
software?
Why should you accurately complete a W-4 Your W-4 determines how much Federal income tax money your employer should
form any time you start a new job or change withhold
your tax status?
Jay filed his taxes and found out he owes Not enough money was withheld from his paychecks.
money. What is the most reasonable
explanation as to why he owes money in
taxes?
The Federal government spends the most Health
amount of tax money on...
Which of the following people might want to Stacey, who is 16 and expects to earn $7,500 from her part-time job.
claim EXEMPT on their W-4 form?
Which of the following statements is TRUE The cost of living and how much you pay in state and local taxes are not directly
about the cost of living and state and local related, but they can impact how much extra money you have from each paycheck.
taxes?
All of the following are factors that impact Political party
the amount someone may pay in taxes
EXCEPT...
Tamara found out that she owes $3,200 in She will pay more than $3,200 because she will be paying additional money in interest
taxes. She cannot afford to pay the entire with each payment.
amount right now, so she is going to arrange
an installment plan with the IRS. What is the
one thing that Tamara should be prepared
for?
Which of the following is the largest source income tax
Taxes Unit Assessment study guide
of income for the Federal government?
1/2
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