Taxes Unit 2

1. Largest source of of government revenue is?

Property taxes

License fees

Income tax

Donations

2. The President is responsible for writing tax law.

True

False

3. Pay before deductions are taken out?

Net pay.

Gross pay.

Overtime pay

Salary

4. Every state is required to have a program in place to protect workers who lose their jobs through no fault of their own.

True

False

5. Laws that give financial security to worker's and their families for injuries, illness, loss of income, or death resulting from work conditions?

Personal injury law

Workers compensation laws

Liability insurance

Unemployment laws

6. Form used to determine allowances?

W-2

I-9

W-4

Personal exemption form

7. Date employers are required to mail your W-2

April 15

January 31

February 1st

January 1st

8. You can only claim a personal allowance if you are not claimed as a dependent

True

False

9. Ronald Reagan is credited with signing the social security act.

True

False

10. The most common form of paying employees is through payroll cards

True

False

11. Persons claimed that reduce the amount of tax withheld from your paycheck

Deductions

W-4

W-2

Allowances

12. A standard work week has __________ hours?

36

40

20

45

13. Taxes that decrease in proportion to income?

Progressive tax

Proportional tax

Excise tax

Property tax

14. This type of tax is consider a proportional tax.

Sales tax

Progressive tax

Property tax

Excise tax

15. The minimum wage law

Wage and discrimination law

Fair Labor Standards Act

Weights and Measures Law

Minimum Wage and Benefits Law

16. Match the following

Exempt

Social Security

April 15th

Fair Labor Standards Act

1935

Liability with out fault

Benifits

Net pay

Pension

Internal Revenue Service

Submit

Taxes Unit 2

1. Largest source of of government revenue is?

2.

What first name or nickname would you like us to use?

2. The President is responsible for writing tax law.

3. Pay before deductions are taken out?

4. Every state is required to have a program in place to protect workers who lose their jobs through no fault of their own.

5. Laws that give financial security to worker's and their families for injuries, illness, loss of income, or death resulting from work conditions?

6. Form used to determine allowances?

7. Date employers are required to mail your W-2

8. You can only claim a personal allowance if you are not claimed as a dependent

9. Ronald Reagan is credited with signing the social security act.

10. The most common form of paying employees is through payroll cards

11. Persons claimed that reduce the amount of tax withheld from your paycheck

12. A standard work week has __________ hours?

13. Taxes that decrease in proportion to income?

14. This type of tax is consider a proportional tax.

15. The minimum wage law

16. Match the following