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Understanding Income, Taxes, and Government Services
Authored by Nicole Brown-Matias
Social Studies
11th Grade
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of income?
The total amount of money earned before deductions.
The amount of money saved for future use.
The payment people receive for providing resources in the market.
The amount of money left after all expenses are paid.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much federal income tax was withheld from John's check?
$50.00
$21.40
$30.00
$15.00
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of John's income was withheld for federal income tax?
7.2%
5.9%
10.0%
3.5%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the FICA tax used to fund?
Public education
Social Security and Medicare
State parks and recreation
National defense
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is gross pay?
The amount people earn in a pay period before any deductions or taxes are taken out.
The amount received after taxes and deductions.
The amount saved for retirement.
The total amount of deductions from a paycheck.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are wages?
The total amount of money spent on goods and services.
A tax on the amount of income people earn.
A form of income people receive for work they do.
The amount of money saved for emergencies.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are taxes?
The amount of money left after all expenses are paid.
Government fees on business and individual income, activities, products, and property.
The amount of money saved for future use.
The total amount of money earned before deductions.
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