subject
Mathematics, 03.02.2020 12:58 amanda2003teddy

1. when john received his w2, he received several copies. why was he sent multiple copies of this form?

i do not know
john gets 2 copies because this is a w-2. he would get 4 copies of a w-4
the government always prints multiple copies of forms
the different copies are for john and each tax return he may file

2. who sent john this w-2?
the federal government
the internal revenue service
i do not know
john's employer - properliving widget engineering & design

3. how much did john make in wages in the 2014 tax year? (assuming this was john's only job)
$31,878.71
i do not know
$48,119.00
$42,417.88

4. how much did john 'take home' in net pay? (assuming this was john's only job)
$42,417.88
i do not know
$48,119.00
$31,878.71

5. how much did john save in his 401(k) in the 2014 tax year?
$1,781.46
$1,217.39
i do not know
$2,113.29

6. assume your employer provides health care insurance and deducts your portion of the premiums from your paycheck with pre-tax dollars. are your health insurance premiums federally tax deductible?
yes
no

7. john earned $2,500 as a life guard over the summer. this was his only job and income taxes were deducted from his paychecks by his employer. for filing a tax return, what should john do?
john should file a tax return. he can then get all of his taxed money refunded.
john should report this income on his parents tax return since he is still living at home.
john should not file a tax return. john is legally not required to file because his income is less than the minimum requirement for filing.
john should send a check for $50 to the irs in case the employer didn't take out enough taxes.

8. select what would happen to your 1) taxable income and 2) tax liability when you are able to claim a deduction such as student loan interest?
1) higher 2) lower
1) higher 2) higher
1) lower 2) higher
1) lower 2) lower

9. which are tax deductible?
medical bills totaling $200
all of the answers are correct
none of the answers are correct
student loan payments
401k gains
community service hours

ansver
Answers: 3

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