Understanding Tax Test

Understanding Tax Test

9th - 12th Grade

101 Qs

quiz-placeholder

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Understanding Tax Test

Understanding Tax Test

Assessment

Quiz

Education

9th - 12th Grade

Easy

Created by

Rickey Taylor

Used 1+ times

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101 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Who primarily uses our tax money? (hint: choose 2 correct answers)

Your employer

Large corporations

Federal and state government

Local Businesses

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Our tax money is spent on all of the following EXCEPT:

Social Security

The Military

Private School Education

National Parks

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Which of the following is NOT a category in the Federal government's spending?

Mandatory spending

Discretionary spending

Interest on loans issued

Interest on national debt

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Which of the following taxes is applied to wages, salaries, dividends, and interest earned?

Corporate Income Tax

Income Tax

Estate Tax

Excise Tax

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The W-4 form lets...

the government know how much you paid in taxes last year

your employer know how much to withhold from your paycheck

the 3 major credit bureaus know how many dependents you have

you know how much you paid in taxes last year

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Jess is 21, in college, & has a job that provides 65% of her support. Is she a dependent?

Yes

No

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What item would you DEFINITELY see on a paystub?

Retirement

Healthcare

Gross Pay

Your occupation/role

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