Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Taxes
Test Description: Review
Instructions: Answer all questions to get your test result.
1) Term used to desribe income before taxes.
A
payroll tax
B
gross pay
C
Medicare
D
deduction
2) Term used to record items that reduce taxable income.
A
federal income taxes
B
withholdings
C
payroll taxes
D
deductions
3) The amount the employer deducts from an employee's paycheck and send it directly to the government.
A
payroll tax
B
deductions
C
withholding
D
net pay
4) A tax on earned income that supports Social Security, Medicare, and Medicaid (FICA).
A
payroll tax
B
net pay
C
federal income tax
D
deduction
5) A sum of money demanded by a government to support its services.
A
net pay
B
taxes
C
withholding
D
deductions
6) Tax on earned and unearned income.
A
Social Security
B
Medicare
C
payroll tax
D
income tax
7) Income for retirees, people with disabilities, children who have lost a parent, and a person whose spouse has died and has children.
A
federal income tax
B
Medicare
C
Medicaid
D
Social Security
8) Helps pay for healthcare for senior citizens.
A
Social Security
B
Medicare
C
net pay
D
Medicaid
9) A tax on property such as land, buildings, homes, and motor vehicles.
A
excised tax
B
sales tax
C
payroll tax
D
property tax
10) A tax on items purchased in retail stores.
A
property tax
B
sales tax
C
excised tax
D
payroll tax
11) Taxes charged on consumption items such as alcohol, gas, and cigarettes.
A
payroll tax
B
property tax
C
excised tax
D
sales tax
12) Income left after all deductions.
A
withholding
B
gross pay
C
deductions
D
net pay
13) Helps pay for prescription drugs for senior citizens.
A
federal income tax
B
Medicaid
C
state income tax
D
Medicare
14) A form required by employers to determine the amount of withholding for federal income taxes.
A
W-2 Form
B
W-4 Form
C
1040A Form
D
1040EZ Form
15) Required by law to be sent to the employee, which lists the income, federal tax withheld, and payroll tax withheld.
A
1040A Form
B
1040EZ Form
C
W-4 Form
D
W-2 Form
16) What is the date by which federal incomes taxes must be filed?
A
April 15
B
April 20
C
April 1
D
April 30
17) Income earned from dividends, savings account, and rental property.
A
unearned income
B
miscellaneous income
C
earned income
D
None of the above.
18) Term which means Internal Revenue Service.
A
MRS
B
IRS
C
None of the above.
D
TRS
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?