Search Header Logo

Calculating Taxes

Authored by Scott Clifton

Mathematics

9th - 12th Grade

CCSS covered

Used 4+ times

Calculating Taxes
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • Ungraded

Done

Ok I'll do that

2.

DROPDOWN QUESTION

5 mins • 1 pt

Medicare tax is (what percent?) ​ (a)   of your (gross or net)​ (b)   income. It (does or does not)​ (c)   take into account your standard deduction/401K/IRA contributions before calculating.

1.45%
gross
does not
6.2%
net
does

Tags

CCSS.6.RP.A.3C

3.

DROPDOWN QUESTION

5 mins • 1 pt

Social Security tax is (what percent?) ​ (a)   of your (gross/net)​ (b)   income. It (does or does not)​ (c)   take into account your standard deduction/401K/IRA contributions before calculating.

1.45%
gross
does not
6.2%
net
does

Tags

CCSS.6.RP.A.3C

4.

DROPDOWN QUESTION

5 mins • 1 pt

Federal and State tax are a progressive tax system higher income is taxed at a higher rate only for the ​ (a)   that falls in each bracket. It (b)   take into account your standard deduction/401K/IRA contributions before calculating.

1.45%
gross
does not
does
portion

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Contributions to a traditional 401K or traditional IRA retirement plan can lower your taxable income.

True
False

Tags

CCSS.7.NS.A.1D

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

If your income was $60,000 and you took the standard deduction of about $15,000 AND you contributed $10,000 to a traditional 401K. What would your taxable income be?

$30,000
$45,000
$50,000
$35,000

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

If your salary is $35,000, how much will you pay into Social Security annualy?

$2,170
$3,000
$2,500
$1,500

Tags

CCSS.6.RP.A.3B

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?