Income and Income Taxes
Authored by John Robinson
Social Studies
12th Grade
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You earn $45,000.00 a year from your job. You pay roughly 25% in taxes a year. What is your gross annual income?
$4,500.00
$33,750.00
$2,812.50
$45,000.00
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You earn $45,000.00 a year from your job. You pay roughly 25% in taxes a year. What is your gross monthly income?
$45,000.00
$3,750.00
$2,812.50
None of the above
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You earn $45,000.00 a year from your job. You pay roughly 25% in taxes a year. What is your net monthly income?
$2,812.50
$3,750.00
$33,750.00
$28,125.00
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You earn $45,000.00 a year from your job. You pay roughly 25% in taxes a year. What is your net annual income?
$3,750.00
$33,750.00
$2,812.50
$28,125.00
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Required payments to the government from income, ownership, and purchases.
Sales Tax
Property Tax
Income Taxes
All of the above
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Income before taxes are taken out
Net income
Disposable Income
Gross Income
none of the above
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of filing income taxes?
To show your disagreement about taxes to the government
To avoid paying taxes altogether
To increase your tax bill
To determine if you owe additional taxes or if you are owed a refund
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