
Tax Deductions test
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Hard

Lai Fong Fitzpatrick
FREE Resource
Enhance your content in a minute
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What form is used to file an individual income tax return in the United States?
Form 1040EZ
Form 1040
Form W-2
Form 1099
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a category of itemized deductions on Form 1040?
Medical and dental expenses
State and local taxes
Work-related travel expenses
Standard deduction
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the maximum deduction for student loan intersest per year?
$2050
$2000
$2500
$2550
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following expenses can be itemized on Form 1040?
Personal living expenses
Charitable contributions
Federal income taxes
Cost of goods sold
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To itemize deductions on Form 1040, which schedule must be attached?
Schedule A
Schedule B
Schedule C
Schedule D
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the threshold for deducting medical and dental expenses as itemized deductions?
7.5% of adjusted gross income
10% of adjusted gross income
5% of adjusted gross income
15% of adjusted gross income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is true about itemized deductions vs. standard deductions?
You can claim both itemized and standard deductions in the same year.
You should itemize deductions if your total itemized deductions are less than your standard deduction.
You should itemize deductions if your total itemized deductions are more than your standard deduction.
Standard deductions are only available to taxpayers over the age of 65.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
7 questions
C21 Ch 6 Worksheets
Quiz
•
9th Grade - University
14 questions
Taxes Personal Finance Review
Quiz
•
10th - 12th Grade
10 questions
PKWU Kls 12 Bab 3
Quiz
•
12th Grade
14 questions
Final Accounts/Financial Statements
Quiz
•
11th Grade - University
12 questions
Component 3 - Revenue/Costs Part 2 - Topic 4
Quiz
•
1st - 12th Grade
12 questions
Depreciation
Quiz
•
12th Grade - University
13 questions
Higher Accounts - Manufacturing
Quiz
•
11th - 12th Grade
13 questions
VOCAB ch 2 Quiz- Ramsey
Quiz
•
11th - 12th Grade
Popular Resources on Wayground
5 questions
This is not a...winter edition (Drawing game)
Quiz
•
1st - 5th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
10 questions
Identify Iconic Christmas Movie Scenes
Interactive video
•
6th - 10th Grade
20 questions
Christmas Trivia
Quiz
•
6th - 8th Grade
18 questions
Kids Christmas Trivia
Quiz
•
KG - 5th Grade
11 questions
How well do you know your Christmas Characters?
Lesson
•
3rd Grade
14 questions
Christmas Trivia
Quiz
•
5th Grade
20 questions
How the Grinch Stole Christmas
Quiz
•
5th Grade
Discover more resources for Business
26 questions
Christmas Movie Trivia
Lesson
•
8th Grade - Professio...
15 questions
Christmas Song Emoji Pictionary
Quiz
•
7th - 12th Grade
20 questions
Christmas Movies
Quiz
•
1st - 12th Grade
55 questions
CHS Holiday Trivia
Quiz
•
12th Grade
20 questions
Christmas Movie Trivia
Quiz
•
9th - 12th Grade
29 questions
christmas facts
Lesson
•
5th - 12th Grade
20 questions
Christmas Trivia
Quiz
•
5th - 12th Grade
20 questions
Stages of Meiosis
Quiz
•
9th - 12th Grade
