31
practice examMultiple Choice

Practice Exam

Question 31 • Personal Finance

Which form does an individual use to file taxes?

Answer
A
1040
B
W-2
C
1020
D
W-4

Explanation

Individuals generally use Form 1040 to file their federal income tax return. A W-4 tells an employer how much tax to withhold from pay, and a W-2 reports wages and taxes withheld; neither is the tax return itself. “1020” is not the standard individual tax return form.

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