Search Header Logo

Taxation Quiz

Authored by Belinda Jones

Business

12th Grade

Used 2+ times

Taxation Quiz
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

29 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the standard Internal Revenue Service (IRS) form that individuals can use to file their annual income tax returns?

1040

I-9

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form details all "non-employee" compensation, including for specific jobs like freelancers or contractors?

1099

I-9

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an inspection of a filer’s tax return by the IRS called?

Exemption

Audit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the profit from the sale of an asset, such as a stock or a bond, called?

Interest Income

Capital Gain

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the percentage of profits paid by a business to the federal and state government called?

Excise Tax

Corporate Income Tax

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is someone you financially support and can be "claimed" on a tax return to reduce your taxable income?

Medicaid

Dependent

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is money from the profits of a company that is paid out to its shareholders, typically on a quarterly basis, called?

Dividend

Interest Income

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?