
Personal Finance Revision
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Glenn Morris
Used 2+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of Tax on Purchases is:
property tax.
excise tax and VAT.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Examples of Taxes on Wealth are:
estate tax and inheritance tax.
income tax.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tax paid on property left to someone in a will is known as _____
inheritance tax.
estate tax.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The IRS is responsible for:
enforcing civil laws.
enforcing tax laws and collecting tax.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The W-2 form is used to withhold the employees _______
income tax and social security tax.
corportate tax.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gross Income is income ________ deductions.
before
after
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______ deduction is a set amount of money by government, that is not taxed.
Itemized
Standard
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