EVERFI: Filing Your Taxes
Authored by Samantha Isaacs
Other
11th Grade
Used 43+ times
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About
This quiz focuses on personal income tax preparation and the fundamentals of the U.S. tax system, making it appropriate for 11th grade students studying personal finance or economics. The questions assess students' understanding of essential tax concepts including the purposes of taxation, different types of taxes like Social Security, the distinction between deductions and credits, decision-making strategies for standard versus itemized deductions, required documentation for tax filing, and the complete tax filing process including state obligations. Students need practical knowledge of how the tax system functions, analytical skills to evaluate financial decisions, and procedural understanding of tax preparation steps. The content requires higher-order thinking as students must apply tax concepts to real-world scenarios and make informed financial choices. Created by Samantha Isaacs, a teacher in the United States who teaches grade 11. This quiz serves as an excellent instructional tool for reinforcing key concepts from tax literacy curriculum, particularly following lessons on the American tax system and personal financial responsibility. Teachers can effectively use this quiz as a formative assessment to gauge student comprehension before moving to hands-on tax preparation activities, or as review material before summative assessments on personal finance topics. The scenario-based questions make it ideal for homework assignments that encourage students to discuss tax concepts with family members, while the practical nature of the content supports classroom warm-up discussions about real-world financial planning. This assessment aligns with personal finance education standards that emphasize understanding civic responsibilities, financial decision-making skills, and preparation for adult financial obligations.
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are some examples of things that your taxes pay for which you can use or benefit from now?
School, first responders, and roads
Social Security, investments, and military
Military, stocks, and interest
Roads, Social Security, and schools
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of taxes are used by retired people as income and also for people with disabilities?
Income tax
State and local taxes
Social Security
Property tax
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the key difference between a deduction and a credit?
Deductions are used for future tax bills, and credits are used to help with past tax bills.
Deductions reduce the amount of income that can be taxed, and credits reduced the amount of taxes you owe.
Deductions report your spending, and credits report how much you borrowed.
Deductions refer to money spent on goods, and credits refer to money spent on services.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Maria has collected her receipts and needs to decide whether to take a standard or itemized deduction. Which answer choice BEST explains to Maria which type of deduction to claim.
She should claim the itemized deduction because she has receipts.
She should claim the standard deduction because it is usually more accurate.
She should check her tax bracket status to see what works best for her.
She should claim the deduction with the higher value.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To file your taxes, you need to start by collecting all the necessary documents. Which answer selection is the BEST describing what is needed?
A record of your income and receipts for any deductions you want to claim.
Receipts of all purchases that you made in the past year.
Spreadsheets of all banking and investment accounts that you have.
A record of stocks and bonds that you bought in the past year.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Marcus has completed his federal return, and he is surprised that he will be getting a big return. He wants to finish his return as fast as possible so what are two more things he will need to do before being officially done?
Send a copy to his bank and anyone claiming him as a dependent.
Get the person claiming him to be a dependent to sign off on his taxes.
Refunds are rare so he made a mistake. He should redo his taxes.
File his state taxes and select how he wants to receive his refund.
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