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WorksheetsTax Review
Total questions: 15
Worksheet time: 10mins
Which state does not have any taxes on the SALE of goods, so if a candy bar is marked "99 cents", it really is only 99 cents?
California
Oregon
New York
Vermont
This is the tax that you pay to the local government each year if you own your own home.
Excise Tax
Value-Added Tax
Property Tax
Gas Tax
This is the name for a tax on cigarettes or alcohol.
Sin Tax
Excise Tax
Occupancy Tax
Bond Measure
When your local school district puts a BOND MEASURE on the ballot for voters to consider, who will pay for this?
The federal government
The state government
Elon Musk
Local property owners
Which form do you fill out when you get a job, which determines how much is taken out of your paycheck for taxes?
Form 1099
W-2
W-4
Form 5E
The IRS can do an audit of your taxes and go back how many years to check them?
3 years
4 years
7 years
10 years
Unless you file a tax extension, when are your taxes due each year?
January 1st
April 15th
June 21st
November 3rd
As a business owner who pays taxes, you want to ________ as many items as possible to lower your taxable income, but you must be sure to do this LEGALLY and keep records.
deduct
credit
extension
income
If you put solar panels on your house or buy an electric car, the government may give you a _________
tax extension
tax exemption
tax credit
tax
The property taxes in California end up being MUCH higher than in other states because
The houses are cheaper but tax rates are higher
The houses are expensive and tax rates are fairly high
The houses are not expensive but gas is very expensive
Houses are expensive but sales tax is low
When you stay at a hotel, you pay a(n) _______ tax, and the money goes to the _______ government.
property, state
excise, federal
bond, city
occupancy, local
In America, we have a _______ income tax, where you pay more money in taxes as you earn more money.
flat
fair
graduated
extended
True or False:
The federal government only spends our tax money on worthwhile causes.
True
False
True or False:
If you buy a new car in California, you will pay several thousand dollars more in taxes than if you buy the car in Oregon.
True
False
True or False:
The cost of gas taxes in California are over DOUBLE the gas taxes in Texas.
True
False
