Taxes

A work related expense that people can subtract from their taxable income like tools and uniforms.

• Credits

• Exemptions

• Deductions

• Dependents

Which of the following is an example of an "ability to pay" tax.

• Property

• Sales

• Gasoline

• Sin

The tax on the money you earn from your job and/or money you receive from interest or investments.

• Property

• Estate

• Income

• Death

The number of allowances you should claim on your W-4 if you want more taken out of your paycheck and a refund in April.

• 0

• 5

• 10

• 25

When the government collects money in the form of taxes, it is called...

• Profit

• Revenue

• Expenses

• All of the above

To get the childcare credit, your child must attend daycare/babysitting AND be under the age of...

• 5

• 10

• 13

• 16

The tax system that assigns higher tax rates to people with higher incomes. Preferred by the poor.

• Regessive

• Progressive

• Flat

The form your bank sends you once a year telling you how much interest you earned on your account(s).

• W-4

• W-2

• 1040

• 1099

A tax on items like cigarettes, tobacco and alcohol.

• Income

• Sales

• Sin

• Gift

The tax system that assigns lower tax rates to people with higher incomes. Preferred by the rich.

• Regressive

• Progressive

• Flat