Components of the Federal Income Tax

Components of the Federal Income Tax

11th Grade

24 Qs

quiz-placeholder

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Components of the Federal Income Tax

Components of the Federal Income Tax

Assessment

Quiz

Mathematics

11th Grade

Practice Problem

Medium

Created by

Volodymyr Ishchenko

Used 33+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

WHERE DOES FOLLOWING TRANSACTION BELONG ON THE FEDERAL INCOME TAX:

W-2 Income of an individual

Deductions

Adjustments

Nowhere

Gross Income

Prepaid Taxes

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

WHERE DOES FOLLOWING TRANSACTION BELONG ON THE FEDERAL INCOME TAX:

Half of the self-employment taxes

Deductions

Adjustments

Nowhere

Gross Income

Prepaid Taxes

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

WHERE DOES FOLLOWING TRANSACTION BELONG ON THE FEDERAL INCOME TAX:

Tips

Deductions

Adjustments

Nowhere

Gross Income

Prepaid Taxes

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

WHERE DOES FOLLOWING TRANSACTION BELONG ON THE FEDERAL INCOME TAX:

Educator expenses (up to $300)

Deductions

Adjustments

Nowhere

Gross Income

Prepaid Taxes

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

WHERE DOES FOLLOWING TRANSACTION BELONG ON THE FEDERAL INCOME TAX:

Interest on a regular savings account

Deductions

Adjustments

Nowhere

Gross Income

Prepaid Taxes

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

WHERE DOES FOLLOWING TRANSACTION BELONG ON THE FEDERAL INCOME TAX:

Property taxes

Deductions

Adjustments

Nowhere

Gross Income

Prepaid Taxes

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

WHERE DOES FOLLOWING TRANSACTION BELONG ON THE FEDERAL INCOME TAX:

Self-employed health insurance premiums

Deductions

Adjustments

Nowhere

Gross Income

Prepaid Taxes

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