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Check-Up On Your Paycheck!

KAHOOT VERSION

Taxes

We have retired this resource and it is no longer being maintained. �Please visit https://www.ngpf.org/fincap-friday/ for the newest resources.

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1. According to H&R Block, the top concern for taxpayers in 2019 is...

  1. the deadline is 2 weeks earlier this year
  2. tax rates increased for all taxpayers
  3. getting lower tax refunds and don't know why
  4. getting larger refunds and don't know why

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CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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1. According to H&R Block, the top concern for taxpayers in 2019 is...

  • the deadline is 2 weeks earlier this year
  • tax rates increased for all taxpayers
  • getting lower tax refunds and don't know why
  • getting larger refunds and don't know why

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CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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2. According to the IRS, most tax refunds are issued within __________.

  • 5 days
  • 21 days
  • 45 days
  • 90 days

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CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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2. According to the IRS, most tax refunds are issued within __________.

  • 5 days
  • 21 days
  • 45 days
  • 90 days

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CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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3. As of early April 2019, what have been the early results for the tax filing season?

  • Taxpayers are paying less in taxes
  • More people are getting tax refunds
  • Taxpayers are paying more in taxes
  • Fewer people are getting tax refunds

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CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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3. As of early April 2019, what have been the early results for the tax filing season?

  • Taxpayers are paying less in taxes
  • More people are getting tax refunds
  • Taxpayers are paying more in taxes
  • Fewer people are getting tax refunds

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CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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4. Which of the following forms impacts the amount of taxes taken out of your paycheck?

  • W-2
  • W-4
  • I-10
  • J-11

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CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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4. Which of the following forms impacts the amount of taxes taken out of your paycheck?

  • W-2
  • W-4
  • I-10
  • J-11

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CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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5. What percentage of U.S. taxpayers were expected to receive a refund in 2019?

  • 20%
  • 45%
  • 67%
  • 80%

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CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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5. What percentage of U.S. taxpayers were expected to receive a refund in 2019?

  • 20%
  • 45%
  • 67%
  • 80%

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CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

Would you prefer having a larger paycheck throughout the year OR to receive a large lump sum

tax refund?

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CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Relevant Resources from NGPF:

  • Calculate: Completing a 1040 (Activity)
  • Compare: Tax Forms and Their Purpose (Activity)

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References:

  • Tax Refunds Confuse Filers This Year, H&R Block Says (USA Today)
  • The U.S. Cut Taxes. Why Will Fewer Folks Get Refunds? (Bloomberg)
  • Here’s the No. 1 Thing Americans Do With Their Tax Refund (GoBankingRates.com)
  • IRS Refunds data (IRS)

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CHECK-UP ON YOUR PAYCHECK! | APRIL 19, 2019 EDITION | NEXT GEN PERSONAL FINANCE