Access Kitsap Credit Union
Answer the following questions:

• Describe three steps involved in preparing an individual tax return.
• What are two conclusions you draw about income tax rates paid by: 1) married couples and single people and 2) taxpayers who earn a lot and 3)those who earn very little money?
• Summarize what you learned in the section entitled “Paying Your Taxes.”
• Why is the income tax considered a progressive tax?

Access the Module 2 Simulation
Answer the following questions:

• What did you learn about filing a 1040 EZ Federal Income Tax form from this exercise?
• Why is important to complete your 1040 EZ form correctly?
• Discuss the three options a taxpayer has for paying his or her taxes. Which option for payment would you recommend? Explain.
• Discuss three pieces of advice you would give to someone who is completing a 1040 EZ form for the first time.