Tax Review: Question Preview (ID: 9343)


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Which of the following is a pre-tax deduction:
a) 401K b) Federal income tax c) Social Security d) Medicare tax
The I-9 form determines:
a) How much money a person can make at their job b) What college they can attend c) What percentage of a persons earnings they have to pay in taxes d) If a person is eligible to work in the United States
The I.R.S does which of the following:
a) Collects taxes b) Issues Regulations c) Enforces tax laws issued by congress d) All of the above
The form W-4 determines:
a) If a person is eligible to work in the United States b) Where you can attend college c) The percentage of a persons earnings that they have to pay in taxes d) How much money a person can make at their job
What percentage of a persons gross income do they pay in social security tax?
a) 6.2 Percent b) 30 Percent c) 62 Percent d) 1.45 Percent
Taxable Income is:
a) The amount of salary a person makes after pre-tax deductions are taken out b) The amount of salary a person makes that can be taxed by the government. c) The amount of salary a person recieves before taxes and deductions are taken out. d) Both A and B
Net pay is:
a) The amount of money a person makes after Pre-tax deductions are taken out b) The amount of salary a person recieves before taxes and deductions have been taken out c) The amount of salary a person recieves after taxes and deductions have been taken out d) None of the above
Which of the following is not a TAX?
a) Social Security b) Federal Income c) 401K d) Medicare
Which of the following is a regressive tax?
a) Utilities b) Sales tax c) Gas tax d) All of the above
Each of the following is a progressive tax with the exception of which one?
a) Federal Income Tax b) Sales tax c) State income tax d) All of the above
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