Chapter 10 Quiz #2 PF (20 questions)
Authored by William Dawson
Mathematics
9th - 12th Grade
CCSS covered
Used 7+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Form W-4 estimate?
How much tax you'll owe based on your personal situation.
How much income you should be making.
How much money you'll spend in that
fiscal year.
How many tax returns you need to submit.
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you buy clothes or check out at the grocery store, you will pay ______________.
With your tax credit card
Sales tax
Excise tax
Income tax
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Property tax, inheritance tax, estate tax, and gift tax are all examples of ______________.
Income tax
Family tax
Paycheck tax
Wealth tax
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you buy specific items like cigarettes, alcohol, airline tickets or gas, you will pay ______________.
Income tax
Sales tax
Tax liability
Excise tax
Tags
CCSS.L.11-12.6
CCSS.L.9-10.6
CCSS.W.11-12.2D
CCSS.W.8.2D
CCSS.W.9-10.2D
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Renting out property or selling content on a blog are examples of _____________.
Passive income
Active income
Salary
Portfolio income
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Only a few states have inheritance tax, which . . .
Is a tax on land, homes, and business property that's paid every year
Requires you to pay tax on an asset you receive when someone passes away
Is paid if you sell an inherited gift, like a house
Is applied to a gift over $15,000
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Wealth taxes are often dependent on _____________, so it's a good idea to understand the tax rules _______________.
Your community; of your neighborhood
If you went to trade school; in your particular field of study
Where you live; in your state
Your age; for your generation
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
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