How To File Your Taxes Certification Exam Example Questions.
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Course
TAX.
Institution
TAX.
1. What are the pros and cons of each method for preparing your taxes?
a. Old-fashioned paper filing:
b. Tax preparation websites:
c. Hiring a tax professional: - correct answer a.Pro: You are in control and doesn't cost anything
Con: It's possible that ...
1. What are the pros and cons of each method for preparing your taxes?
a. Old-fashioned paper filing:
b. Tax preparation websites:
c. Hiring a tax professional: - correct answer a.Pro: You are in control and doesn't
cost anything
Con: It's possible that you could make mistakes
b. Pro: Easy to use and convenient
Con: Costs money and, like paper filing, it's possible that you could miss something or make mistakes
c. Pro: Peace of mind knowing that a professional is handling what could be a complicated task
Con: Most likely will cost the most money out of all the options
All of the following people should receive W-2 forms EXCEPT...
a. Edgar, who works 10 hours/week cleaning pools for $15/hour at WeCleanPools
b. Melinda, who works 40 hours/week at a local ice cream shop during the summer
c. Marcus, who is on salary as a sales representative at a shoe store, working full-time
d. Serena, who is a freelance wedding photographer - correct answer d. Serena,
who is a freelance wedding photographer
What are two important items detailed in your W-2 form? (select two correct answers)
a. Wages, tips, and other compensation
b. Number of dependents you will claim
c. Federal and state taxes withheld from your earnings
d. Additional money you want withheld from your paycheck - correct answer a.
Wages, tips, and other compensation
c. Federal and state taxes withheld from your earnings
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