IRS Assessment

The government agency in charge of collecting tax.

• FICA

• IRS

• NBA

• SEC

What is the primary function of the IRS?

• Collecting taxes

• Issuing passports

• Regulating trade

• Managing national parks

Which of the following is a responsibility of the IRS?

• Enforcing immigration laws

• Collecting federal taxes

• Managing public education

• Overseeing the military

The IRS is a bureau of which department of the U.S. government?

• Department of Defense

• Department of Education

• Department of the Treasury

• Department of Justice

What does IRS stand for?

• Internal Revenue Service

• International Rescue Society

• Interstate Road Safety

• Independent Research Society

Which form is used to file individual income tax returns in the U.S.?

• Form W-2

• Form 1040

• Form 1099

• Form 940

What is the deadline for filing federal income tax returns in the U.S.?

• January 1

• April 15

• July 4

• December 31

Which of the following is NOT a type of tax collected by the IRS?

• Income tax

• Sales tax

• Estate tax

• Excise tax

Who is required to file a tax return with the IRS?

• Only businesses

• Only individuals

• Individuals and businesses with income above a certain threshold

• Only government employees

What is the purpose of an IRS audit?

• To punish taxpayers

• To ensure tax compliance

• To increase tax rates

• To provide tax refunds