Income & Taxes

Income & Taxes

9th - 12th Grade

13 Qs

quiz-placeholder

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Income & Taxes

Income & Taxes

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Brandon Clemons

Used 11+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of progressive tax in the United States?

airport tax

property tax

sales tax

income tax

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What primarily determines the jobs that are available in our system?

demand

supply

government influence

monetary policy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference in earned in unearned income?

Unearned income is income you make from a salary

Unearned income is money you make from a job that pays a wage

Earned income is money you make from a job that pays wages or salaries

Earned income is money you make without having to work for it.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fixed annual amount of gross pay you earn from a job.

wage

salary

wealth

net income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Time worked beyond your regular working hours.

Tipes

Salary

Overtime

Wealth

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would reduce your taxable income?

claiming a dependent on your W-2

Having your retirement taken out of your check before taxes is withdrawn (tax diferment)

Contributing to a "flex" savings account for medical or dental expenses.

All of these would reduce your taxable income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the government use our taxes?

For public works and public services

For education

For government activities, foreign aid, and homeland defense.

All of these are ways in which the government uses our taxes

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