Income Taxes Quiz
Authored by Mark Mcpherson
Other
8th Grade
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are federal tax brackets?
The percentage of income that is taxed by the federal government
The income ranges that determine the tax rate applied to an individual's income
The deductions and credits that reduce an individual's taxable income
The amount of money an individual owes in federal income tax
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is taxable income calculated?
Total income minus deductions and credits
Total income multiplied by the tax rate
Total income divided by the tax rate
Total income plus deductions and credits
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is state income tax?
The tax imposed by the federal government on an individual's income
The tax imposed by the state government on an individual's income
The tax imposed by the local government on an individual's income
The tax imposed by the employer on an individual's income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which government imposes federal income tax?
State government
Local government
Federal government
Employer
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of federal tax brackets?
To determine the amount of money an individual owes in federal income tax
To determine the percentage of income that is taxed by the federal government
To determine the deductions and credits that reduce an individual's taxable income
To determine the income ranges that determine the tax rate applied to an individual's income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a subtopic of income taxes?
Federal tax brackets
Taxable income calculation
State income tax
Property taxes
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of state income tax?
To determine the amount of money an individual owes in federal income tax
To determine the percentage of income that is taxed by the state government
To determine the deductions and credits that reduce an individual's taxable income
To determine the income ranges that determine the tax rate applied to an individual's income
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