Taxes Vocabulary (Unit 8)

Taxes Vocabulary (Unit 8)

9th - 12th Grade

11 Qs

quiz-placeholder

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Taxes Vocabulary (Unit 8)

Taxes Vocabulary (Unit 8)

Assessment

Quiz

Mathematics

9th - 12th Grade

Medium

CCSS
RI.9-10.4, L.11-12.4C, 7.RP.A.3

+7

Standards-aligned

Created by

Tristan Goodwin

Used 3+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Tax levied by the United States Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts, and other legal entities.

Federal Income Tax

Deductions

Graduated Income Tax

Withholding Allowance

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Refers to an exemption that reduces how much income tax an employer deducts from an employee's paycheck.

Deductions

Federal Income Tax

Withholding Allowance

 FICA

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An amount of money that you could deduct for yourself, and for each of your dependents, on your tax return.

Withholding Allowance

Personal Exemptions

Federal Income Tax

Deductions

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Refers to a situation where tax rates change as you make more money.

Personal Exemptions

FICA

Withholding Allowance

Graduated Income Tax

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Tax levied on both employers and employees. It amounts to a total of 6.2% of gross earnings.

Net Pay

Withholding Allowance

Social Security

Graduated Income Tax

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Tax on wages that U.S. employers are liable to withhold from employees' paychecks. It amounts to a total of 1.45% of gross earnings.

Medicare

Graduated Income Tax

Deductions

Net Pay

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The combination of the Social Security tax and the Medicare tax. It amounts to a total of 7.65% of gross earnings.

Social Security

FICA

Federal Income Tax

Graduated Income Tax

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