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30 questions
For federal tax, if you have a higher income, you pay a higher percent in taxes.
true
false
If you don't pay enough in federal taxes for the year you will need to pay the federal govt.
true
false
If you paid too much in taxes, you will be able to get a refund if you fill out the correct forms.
true
false
The federal govt allows you to have some of your income tax free.
true
false
Claiming a lot of allowances means that you will get more taken out of your paycheck in taxes.
true
false
You don't have any control over how much your employer takes out of your paycheck for taxes.
true
false
Which of the following taxes is NOT on your paystub?
Sales tax
Federal Income tax
FICA
State Income tax
What % is paid to FICA by you personally, assuming you have a position that pays into social security?
6.2%
10%
12%
12.4%
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