Income and Taxes

Income and Taxes

11th - 12th Grade

20 Qs

quiz-placeholder

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Income and Taxes

Income and Taxes

Assessment

Quiz

Other

11th - 12th Grade

Practice Problem

Medium

CCSS
7.RP.A.3, 6.RP.A.3B, 7.EE.B.3

+3

Standards-aligned

Created by

Stephani Olson

Used 71+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Earned income includes:

Wages, Salaries, Tips, and other taxable employee pay
Union Strike Benefits
Long-term disability benefits received prior to retirement age
All of these are correct

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Taxes are deducted from all employees paychecks

true
false

Tags

CCSS.6.RP.A.3B

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can happen if you don't file/pay taxes?

You can get fined
You can own back taxes
You can go to prison
All of the above

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Money paid to the government from working for pay

excise tax
income tax
sales tax
payroll tax

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Austin has just received his first paycheck. He worked 22 hours at his new job and is being paid $8.00 per hour. He calculated that his paycheck should be $176. His paycheck amount is almost 1/3 less than he expected. What is the most likely reason that Austin’s pay is less than he expected it to be?

Austin calculated the hours he worked without deducting the hours he spent doing on_the_job training.
Austin neglected to deduct the excise tax paid on the uniforms he purchased to wear at his job.
Austin neglected to deduct the amount required to pay income and payroll taxes.
Austin’s employer made a mistake calculating the number of hours Austin worked during his first pay period.

Tags

CCSS.7.EE.B.3

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The government agency in charge of collecting tax.

FICA
IRS
NBA
SEC

Tags

CCSS.6.RP.A.3B

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total amount of earnings made over a month before any deductions are____________.

gross annual income
net monthly income
gross monthly income
net annual income

Tags

CCSS.7.RP.A.3

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