WorksheetsTax Quiz
Total questions: 15
Worksheet time: 5mins
What is the primary purpose of income tax?
To fund public services and government operations
To penalize high earners
To encourage savings
To control inflation
Which form is typically used by individuals in the United States to file their federal income tax returns?
Form W-2
Form 1040
Form 940
Child Tax Credit
What is the refundable portion of the child tax credit?
14,000
16,000
18,000
20,000
What is the term for the amount of income that is subject to tax?
Gross Income
Taxable Income
Adjusted Gross Income
Net Income
What is the standard deduction for a single filer in the United States for the tax year 2023?
$13,850
$18,650
$25,100
$12,950
Which of the following is considered taxable income?
Gifts
Inheritance
Lottery Winnings
Child Support Payments
What does VITA stand for?
Volunteer Income Tax Association
Vice Income Tax Association
Volunteer Income Tax Assistance
Volunteer Inclusive Tax Assistance
Which of the following is an example of a tax credit?
Standard Deduction
Mortgage Interest
Earned Income Tax Credit
Charitable Contributions
What is the tax deadline for San Diego County?
October 25
April 15
June 17
December 31
What is the standard mileage rate for self-employed and business?
25.5 cents/miles
65.5 cents/miles
46.5 cents/miles
95.5 cents/miles
Which of the following is not a qualifying business expense?
Advertising
Commute Miles
Office Expenses
Supplies
How is the self employment 15.3 tax divided?
7.65 Social Security and 7.65 Medicare
10 Social Security and 5.3 Medicare
2.9 Social Security and 12.4 Medicare
12.4 Social Security and 2.9 Medicare
What Is the income limit for in person free tax assistance?
$64,000
$62,000
$150,000
$66,000
What is the maximum earned income tax credit?
$1260
$6420
$7,430
$4600
What is Carlos' favorite color?
Blue/Gold
Green
Black/White
Pink
