Marginal Tax Rate Quiz

What is the date of Tax Day in the United States for the Federal tax-filing deadline?

• April 15

• October 31

• December 31

• January 1

Tax based on the amount of taxable income you earn

• Property Tax

• Earnings Tax

• Income Tax

• Sales Tax

Tags

CCSS.7.RP.A.3

Status of taxpayers who are not married without dependents

• Single

• Married Filing Separately

• Married Filing Jointly

• Head of Household

The standard deduction in 2021 was $12,550. If Sue made $65,000 in 2021, what was the amount of her taxable income?

• $65,000

• $52,450

• $12,550

• $77,550

Tags

CCSS.6.EE.B.7

Based on the table, what is the marginal tax rate for a single person whose taxable income was $125,000 in 2021?

• 10%

• 22%

• 32%

• 24%

Tags

CCSS.8.F.B.4

CCSS.HSF.IF.B.6

John is 17 years old and lives with his parents. He earned $4,500 at his part-time job. Can John be claimed as a dependent?

• Yes

• No

Sue is a 20-year-old college student who lives with her parents. She earned $15,000 from her part-time job. If the standard deduction is $12,550, is Sue legally required to file a tax return?

• Yes

• No

Based on the chart, what is the maximum amount a married couple filing jointly could make and still fall within the 22% tax bracket?

• $81,050

• $329,850

• $172,750

• $86,375

True or False: As your income level increases, your marginal tax rate also increases.

• False

• True

Tags

CCSS.HSA-SSE.A.1A

If your tax due is $3000 and your taxable income is $28,000, what is your effective tax rate?

• 27%

• 40.3%

• 5.8%

• 10.7%