S1 Final

S1 Final

12th Grade

100 Qs

quiz-placeholder

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S1 Final

S1 Final

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Medium

CCSS
RI.11-12.5, 7.RP.A.3, RI.8.2

+43

Standards-aligned

Created by

Dylan Silva

Used 8+ times

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100 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

FICA taxes are shared by the employee and employer.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The W-4 form is used to calculate and claim withholding allowances.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals are required to file a federal income tax return every year.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The W-2 form is one of the most common forms for filing tax returns.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An expense is tax deductible if it qualifies as a deduction from adjusted gross income.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Taxable income equals gross income plus the standard deduction.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

More exemptions will result in higher taxes.

True

False

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