Understanding Trump's Tax Bill

Understanding Trump's Tax Bill

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Jennifer Brown

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main features of President Trump's tax bill regarding the 2017 tax cuts?

They were made permanent.

They were repealed.

They were reduced by half.

They were extended for two more years.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the standard deduction changed under the new tax law?

It remains high and adjusts for inflation.

It is only available for married couples.

It has been reduced.

It has been eliminated.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the new limit for the SALT deduction under the new tax law?

$20,000

$10,000

$40,000

$30,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which new deduction is available for workers in tipping professions?

Deduction for uniform expenses

Deduction for tip income

Deduction for meal expenses

Deduction for travel expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the income limit for the new car loan interest deduction?

$200,000 for individuals

$50,000 for individuals

$100,000 for individuals

$150,000 for individuals

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much has the child tax credit increased under the new tax law?

From $3,000 to $3,200

From $2,000 to $2,200

From $1,000 to $1,200

From $2,500 to $2,700

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a new requirement for parents to qualify for the child tax credit?

Proof of residency

A valid driver's license

A valid social security number

Proof of employment

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