Understanding Tax Returns
10th Grade
•15 Qs
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Understanding Tax Returns
Quiz
•
Computers
•
10th Grade
•
Practice Problem
•
Easy
Bradley Dawson
Used 2+ times
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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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