Paying Taxes Answers

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1
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Forty-two percent of federal revenue comes from [___].

A
payroll taxes
B
corporate income taxes
C
individual income taxes
4

People fill out a W-4 form when they first start a new job.What does this form help to determine?

A
the amount of money that should be added to the employee’s salary
B
the amount of money that should be returned for paying too much in taxes
C
the amount of money that should be withheld in federal taxes
D
the amount of money that should be paid in state taxes
7

Those who simply make a mistake will generally receive [___].

A
a fine only
B
a fine and jail time
C
no penalty

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