Paying Taxes Answers

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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
11

Question text not available

Answers:
Forty-two percent of federal revenue comes from .:individual income taxes
Income taxes paid by businesses and corporations make up about of federal revenue.:9%
Taxes collected for Social Security and Medicare make up of federal revenue.:40%
12

X payroll taxes corporate income taxes✔ individual income taxes

Answers:
Forty-two percent of federal revenue comes from .:individual income taxes
Income taxes paid by businesses and corporations make up about of federal revenue.:9%
Taxes collected for Social Security and Medicare make up of federal revenue.:40%
13

✔ 9%X 40% 42%

A
✔ 9%
B
X 40%
C
42%
14

X 9%✔ 40% 42%

A
X 9%
B
✔ 40%
C
42%

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