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Chapter 10 Review
Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium
+19
Standards-aligned
Derrick Donaldson
Used 13+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Withholdings and deductions are . . .
Categories of a good budget
Examples of deficit spending
Expenses that are taken out of your paycheck
Money that the government gives back to you
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The tax on the purchase of goods or services is called __________________.
Goods and services tax
Purchase tax
Income tax
Consumption tax
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The money you earn hourly for your time and effort at work is called your _____________.
Wages
Income tax
Minimum wage
Salary
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does the Form W-4 estimate?
How much income you should be making.
How many tax returns you need to submit.
How much tax you'll owe based on your personal situation.
How much money you'll spend in that fiscal year.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Every American who earns an income must file a __________ each year.
Federal tax return
Tax extension
Tax deduction
Paycheck
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.3
CCSS.RI.9-10.3
CCSS.RI.9-10.5
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When you make __________ money, you will pay _________ in taxes.
Less; more
More; the same amount
More; more
More; less
Tags
CCSS.RI.4.3
CCSS.RI.5.3
CCSS.RI.6.3
CCSS.RI.7.3
CCSS.RI.8.3
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If you work and earn money, you will have to pay taxes.
True
False
Tags
CCSS.RI.7.2
CCSS.RI.8.2
CCSS.RL.11-12.2
CCSS.RL.8.1
CCSS.RL.9-10.2
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