IRS Assessment

True or False: All wages, tips, and bonuses are taxable unless specifically excluded.

• True

• False

What is the primary function of the IRS in the United States?

• Collecting taxes

• Issuing passports

• Managing national parks

• Conducting elections

Which of the following is a type of tax collected by the IRS?

• Sales tax

• Property tax

• Income tax

• Value-added tax

In which year was the IRS established?

• 1862

• 1913

• 1935

• 1945

What does IRS stand for?

• Internal Revenue Service

• International Revenue Service

• Internal Resource Service

• International Resource Service

Which form is used by individuals to file their annual income tax returns with the IRS?

• Form W-2

• Form 1040

• Form 1099

• Form 940

Who is responsible for appointing the Commissioner of the IRS?

• The President of the United States

• The Secretary of the Treasury

• The Speaker of the House

• The Chief Justice

What is the deadline for filing federal income tax returns in the United States?

• April 15

• June 15

• September 15

• December 31

Which of the following is NOT a responsibility of the IRS?

• Enforcing tax laws

• Providing tax assistance

• Issuing Social Security numbers

• Processing tax returns

What is the purpose of an IRS audit?

• To verify the accuracy of a tax return

• To punish taxpayers

• To increase tax rates

• To issue refunds