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Taxes Test Study Guide

Authored by Karen Salwerowicz

Other

9th - 12th Grade

20 Questions

Used 129+ times

Taxes Test Study Guide
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of your income or paycheck after any deductionslike taxes or insurance payments that are subtracted. This is your take-home pay.

Net Pay

Gross Pay

Income Tax

Social Security Tax

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The entire amount of your income or paycheck before any deductions

Net Pay

Gross pay

Income Tax

Social Security Tax

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

money that wage earners pay the government to run the country. The amount of the tax depends upon how much you earn

Net Pay

Gross pay

Income Tax

Social Security Tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a tax used to fund a program of the US government that gives money to elderly people. The elderly receive funds because the federal government has deducted money from each of their paychecks during the course of their working lives.

Net Pay

Gross pay

Income Tax

Social Security Tax

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a bank account that pays you interest for keeping your savings in it. Banks use your money to make loans, so they pay you interest for the use of your money

Savings Account

Bank Account

Debit Account

Expense Account

6.

MULTIPLE SELECT QUESTION

1 min • 1 pt

The largest three categories on which the federal government spends money.

Health Care

Military/defense

Interest on the national Debt

Scientific research

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I determine how much money is withheld from your paycheck for income taxes. Who am I?

W-2 form

I-9 form

W-4 form

1040 form

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