#quizzy

Here’s Your Taxes 101 Pop Quiz

     

tax check

Unfortunately, not the correct tax method. (Giphy)

Tax day is coming up really soon, but not as soon as you think. This year's deadline for filing taxes is actually April 18th, not the traditional April 15th, because of a lesser-known federal holiday, Emancipation Day.

Hopefully, this means the procrastinators of the world will get a few more days to put everything together and figure out how much they owe the government (or how much the government owes you.)

It can take a lot of work to get your taxes in order. Do you know the basics?

1

What is a dependent?


An extension on filing your taxes
A type of tax write-off
An extra person in a household that you're responsible for, that qualifies you for an exemption
2

What form do you need to get from your employer?


1040EZ
W2
1738
3

What's an example of an itemized deduction?


Your new wave runner
Donation to charity
A new car
4

Which of these states get an extra day to file?


Maine
Michigan
Mississippi
5

In what state do residents NOT owe income tax?


North Dakota
Alaska
Oregon
6

If you're a freelancer, how much do you have to make to pay taxes?


$400
$4000
$40,000
7

For freelancers, what form do paying clients need to get to you?


1099
1776
W2
8

What is a tax credit?


When you still owe from last year and you tell the government to put it on your tab
Some sort of direct deduction off your taxes for doing something like going to school or driving a very energy efficient car
When the feds check you off their list and give you credit for finishing your taxes by deadline
9

When's the IRS going to send me my refund?


April 19th, 2016
January 1st, 2017
Around 21 days after filing
10

I'm a student-worker at my college. Do I need to file?


Yes
No

Here’s Your Taxes 101 Pop Quiz

Lily Altavena

Lily is currently a TV news producer in Dallas, Texas. Previously, she was a production assistant at MSNBC. She is also a recent NYU grad. She interned for Ann Curry’s team at NBC News, The New York Times, The Village Voice, and the education nonprofit She’s the First. Her interests range from politics to education to comedy. She is not actually a dinosaur. Follow: @lilyalta.

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