Calculating Income Tax: Fun with Tax Brackets!

Calculating Income Tax: Fun with Tax Brackets!

6th Grade

10 Qs

quiz-placeholder

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Calculating Income Tax: Fun with Tax Brackets!

Calculating Income Tax: Fun with Tax Brackets!

Assessment

Quiz

English, Mathematics

6th Grade

Hard

Created by

Anthony Clark

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Sarah earns $40,000 a year. If the tax rate for her income bracket is 10%, how much tax does she pay?

$6,000

$3,000

$5,000

4000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. John has a salary of $60,000. The tax rate for income between $50,000 and $75,000 is 15%. How much tax does John owe?

$750

$3,000

$1,500

$2,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. Emily's annual income is $80,000. If the first $50,000 is taxed at 10% and the remaining at 20%, what is her total tax?

12000

11000

9000

15000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. A family earns $100,000. The tax brackets are: 10% for the first $50,000 and 20% for income above that. How much tax do they pay?

$20,000

$10,000

15000

$25,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. Mark makes $30,000 and pays 10% in taxes. If he gets a raise to $45,000, how much more tax will he pay?

$750

$1,500

$3,000

$2,000

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. If a person earns $120,000 and the tax rate is 25% for income over $100,000, how much tax do they owe on the amount over $100,000?

$15,000

$10,000

$5,000

$2,500

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. Lisa has a taxable income of $55,000. If the tax rate for her bracket is 12%, how much tax does she pay?

$6,600

$7,200

$8,800

$5,500

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