Taxes Vocab Review

Taxes Vocab Review

12th Grade

18 Qs

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Taxes Vocab Review

Taxes Vocab Review

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

J. Mendenhall

Used 11+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A range of income amounts that are taxed at a particular rate

Tax Bracket

Tax Return

Tax Refund

Tax Credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An annual report to the IRS summarizing total income, deductions, and the taxes withheld by employers


Tax Bracket

Tax Return

Tax Refund

Tax Credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An amount that a government gives back to a taxpayer who has paid more taxes than were due



Tax Bracket

Tax Return

Tax Refund

Tax Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An amount subtracted directly from the tax owed




Tax Bracket

Tax Return

Tax Refund

Tax Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Federal and state taxes that all employers must pay, based on a percentage of the employee's salary, toward social services such as Social Security and Medicare


Payroll Tax

Progressive Tax

Income Tax

Paycheck Stub

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tax for which the percentage of income paid in taxes increases as income increases



Payroll Tax

Progressive Tax

Income Tax

Paycheck Stub

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Taxes paid by employees to federal and state government through a direct deduction from their paycheck




Payroll Tax

Progressive Tax

Income Tax

Paycheck Stub

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