Tax Review Question Preview (ID: 9343)


Review Of Tax Lesson. TEACHERS: click here for quick copy question ID numbers.

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

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

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

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

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

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

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 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

Which of the following is a pre-tax deduction:
a) 401K
b) Federal income tax
c) Social Security
d) Medicare tax

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