QUEST - F24 - CR - Getting Paid and Paying Taxes
Authored by Dean Kuckelman
Financial Education
12th Grade
Used 2+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you are single, your gross pay is $24,400 and your only deduction is the Standard Deduction, what is your taxable income?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you are married and your itemized deductions are $20,000, you should use the _______ deduction(s) on your tax return.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you buy stock and then sell it 2 years later for more than you paid for it, the money that you make when you sell it is called _____ .
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you work flipping burgers at Burger King, the money you are paid for working is called _____ .
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tax rates on short-term capital gain are ____ taxes on ordinary income.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your employer matches the money that you put it into a Roth, you will pay income taxes on the employer's contributions:
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your employer matches the money that you put it into a 401(k), you will pay income taxes on the employer's contributions:
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