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Taxes

Authored by Paula Fontaine

Other

9th - 12th Grade

PFL2 covered

Used 45+ times

Taxes
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12 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

The tax you pay when you buy a car.

Excise tax
Sales tax
Property tax
Gift tax

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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Salaries and wages represent

Dividend income
interest income
adjustable gross income
earned income

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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On the W-4, as a dependent minor, you can claim yourself.  

True
False

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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If you are single and earn $ $20,000 you are in which tax bracket?

10%

12%

24%

35%

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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Tax deductions and tax credits affect your tax liability the same. 

True
False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Adjusted gross income plus dividends, minus any deductions, or other adjustments that are allowable in that tax year

Adjustable gross income

Tax liability

Taxable income

Tax credit

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

You can itemize your deductions and take the standard deduction when completing your tax return.

True

False

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