
Taxes and Insurance Vocab Review
Quiz
•
Other
•
12th Grade
•
Easy
Michael Cassidy
Used 6+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Auto coverage that protects against costs to repair your own car after a crash.
liability coverage
no fault coverage
comprehensive coverage
collision coverage
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Taxes paid by employees to federal and state government thru deductions from paycheck.
payroll tax
exemption
income tax
standard deduction
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount you pay towards your losses before insurance coverage kicks in.
copay
deductible
allowance
deduction
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount of income used to calculate income tax due.
taxable income
copay
payroll tax
allowances
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Auto insurance that protects against cost to others if you are at fault for an accident.
comprehensive coverage
liability coverage
collision coverage
no fault coverage
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Standard IRS form that individuals use to file taxes.
W2
1040
W4
W9
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The actual rate you pay on your taxes as a percentage of overall income.
income tax
payroll tax
exemption
effective tax rate
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