5.5 Reducing Tax Liability Bell Ringer
Authored by Laura Causey
Mathematics
12th Grade
CCSS covered
Used 3+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Minka is a piano tuner and has a part-time party planning business on the side. She's divorced and is filing as Head of Household. She spent $8,711 on medical insurance last year. Her medical expenses last year were $1,770 for doctors and $2,300 for dentists. Her insurance paid 80% of her medical expenses. The IRS allows medical and dental expense deductions for the amount that exceeds 7.5% of a taxpayer’s adjusted gross income. Her adjusted gross income is $81,901.
How much will Minka have to pay for the medical expenses, not including insurance?
$814
$3,256
$2,230
$2,654
Tags
CCSS.7.EE.B.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Minka is a piano tuner and has a part-time party planning business on the side. She's divorced and is filing as Head of Household. She spent $8,711 on medical insurance last year. Her medical expenses last year were $1,770 for doctors and $2,300 for dentists. Her insurance paid 80% of her medical expenses. The IRS allows medical and dental expense deductions for the amount that exceeds 7.5% of a taxpayer’s adjusted gross income. Her adjusted gross income is $81,901.
How much will Minka have to pay for the medical expenses including insurance?
$9,525
$11,967
$10,941
$7,897
Tags
CCSS.7.EE.B.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Minka is a piano tuner and has a part-time party planning business on the side. She's divorced and is filing as Head of Household. She spent $8,711 on medical insurance last year. Her medical expenses last year were $1,770 for doctors and $2,300 for dentists. Her insurance paid 80% of her medical expenses. The IRS allows medical and dental expense deductions for the amount that exceeds 7.5% of a taxpayer’s adjusted gross income. Her adjusted gross income is $81,901.
How much will Minka's medical expenses have to exceed to be deducted? Round to the nearest dollar.
$6,143
$6,142
$61,426
$61,425
Tags
CCSS.6.RP.A.3C
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Minka is a piano tuner and has a part-time party planning business on the side. She's divorced and is filing as Head of Household. She spent $8,711 on medical insurance last year. Her medical expenses last year were $1,770 for doctors and $2,300 for dentists. Her insurance paid 80% of her medical expenses. The IRS allows medical and dental expense deductions for the amount that exceeds 7.5% of a taxpayer’s adjusted gross income. Her adjusted gross income is $81,901.
Will Minka be able to deduct any of her medical expenses? If so, how much?
Yes; $6,143
No
Yes; $3,382
Yes; $9525
Tags
CCSS.6.RP.A.3C
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Jonathan is a single taxpayer. His total income before deductions was $63,110. By filling out Schedule A and Schedule 1, he reduced his taxable income by $10,312.
What is taxable income after deductions?
Tags
CCSS.7.NS.A.1D
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Jonathan is a single taxpayer. His total income before deductions was $63,110. By filling out Schedule A and Schedule 1, he reduced his taxable income by $10,312.
Before filling out Schedule A and Schedule 1, how much did Jonathan owe in taxes?
Tags
CCSS.7.RP.A.3
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Jonathan is a single taxpayer. His total income before deductions was $63,110. By filling out Schedule A and Schedule 1, he reduced his taxable income by $10,312.
After filling out Schedule A and Schedule 1, how much did Jonathan owe in taxes?
Tags
CCSS.7.RP.A.3
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