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Understanding Tax Returns

Authored by Bradley Dawson

Computers

10th Grade

Used 2+ times

Understanding Tax Returns
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15 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the purpose of a tax return?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does gross income differ from net income?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is the Adjusted Gross Income (AGI) important?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the difference between standard deductions and itemized deductions?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Define taxable income.

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

How do tax brackets work?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What benefit do tax credits provide?

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