NEW
Font size
WorksheetsTax Unit Quiz (SSEPF2B & SSEPF5)
Total questions: 20
Worksheet time: 7mins
What information does a Form W-2 provide that is essential for completing a federal individual income tax return?
Details of the tax filer's investments and dividends received
Summary of the tax filer's charitable contributions
Wages earned by the tax filer and taxes withheld by the employer
List of the tax filer's business expenses
What is the primary purpose of the federal individual income tax form 1040?
To determine if the tax filer owes taxes or will receive a refund
To enable the tax filer to decide how the taxes they pay will be used
To provide the tax filer an opportunity to request a lower tax rate
To establish how much tax to withhold from the tax filer’s wages
Who would be considered a "Dependent" in the "Dependent" section on the 1040 tax form?
The spouse of the tax filer if they are currently unemployed
Any adult who lives with the tax filer
A child for whom the tax filer is financially responsible
Any pets in the care of the tax filer
If you are 20 years old and a full time college student living at home then your parents can claim you as a dependent on their taxes.
True
False
The W-4 and the I-9 are both documents you fill out before you can get paid by your new employer.
TRUE
FALSE
In a progressive tax system, individuals with higher earnings contribute
an equal percentage of their income as those with lower earnings.
a smaller percentage of their income compared to those with lower earnings.
a greater percentage of their income than those with lower earnings.
a fixed amount regardless of their income level.
Which of the following is primarily funded by property tax revenue?
Federal healthcare programs.
Military operations.
Public schools, fire and police departments.
State infrastructure projects.
Our tax money is spent on all of the following EXCEPT:
Social Security
The Military
Private School Education
National Parks
The taxes you pay on something you purchase are called?
Income Tax
Property Tax
Sales Tax
None of these
Your taxes MUST be filed no later than...
June 19th
April 15th
March 17th
November 11th.
Which type of tax is described below?
Mr. Sheffield is installing an in-ground pool in his yard. He will have to pay $600 more in tax per year on his house because of the pool.
payroll tax
property tax
sales tax
Which type of tax is described below?
Aubree makes baby blankets that she sells online and at craft fairs. This year, she pays $680 in tax on the profits from her baby blankets.
income tax
property tax
sales tax
Which type of tax is described below?
Cassidi is going on a golfing trip. Before the trip, she buys new golf clubs that have a price of $225.00. She pays a total of $245.25 for the golf clubs.
payroll tax
property tax
sales tax
The following are examples of which type of tax?
1. Tax paid on a family owned farm.
2. Tax paid of a piece of land someone owns.
3. Tax paid on a home someone owns.
Payroll Tax
Income Tax
Property Tax
Sales Tax
What type of tax system has a percentage of income paid in taxes that remains the same for all income levels?
Progressive Tax
Regressive Tax
Proportional Tax
None of the above
Which tax system is characterized by a decreasing percentage of income paid in taxes as income increases?
Progressive Tax
Regressive Tax
Proportional Tax
None of the above
In which tax system does the percentage of income paid in taxes increase as income increases?
Progressive Tax
Regressive Tax
Proportional Tax
None of the above
Why does a regressive tax hurt a teacher more than it hurts Jeff Bezos?
Because the teacher has a higher net worth
Because Jeff Bezos has a lower income than the teacher.
Because the teacher makes far less than Jeff Bezos
Because nothing can hurt Jeff Bezos.
Which tax system is characterized by the phrase "more you make, less they take"?
Progressive
Proportional
Regressive
Incremental
Who bears the burden in a regressive tax system?
The middle class
The rich
The poor
Non-taxpayers
