Taxes Answers
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If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is
A
2 percent.B
4 percent.C
6 percent.D
8 percent.3
The image shows a W-2 form.
A
It shows how much a person paid in taxes, and how much more is due.B
It shows how much a person earned, and how much was withheld in taxes.C
It shows how much a person earned, and how much tax is to be refunded.D
It shows how much a person paid in taxes, and whether they have a spouse.4
In addition to federal income tax, many people also pay
A
corporate tax.B
state income tax.C
local medicare tax.D
local social security tax.5
The diagram shows revenue from federal income taxes.
A
The most revenue comes from individual and payroll taxes.B
The least revenue comes from individual and corporate taxes.C
The most revenue comes from payroll and corporate taxes.D
The least revenue comes from payroll and other taxes.6
Which describes a type of tax that funds city programs?
A
progressive taxB
federal income taxC
local income taxD
medicare tax7
The chart shows a sample paycheck stub.
A
added to employee pay.B
withheld from employee pay.C
refunded in employee pay.D
filed through employee pay.8
The document shows a personal allowances worksheet.
A
affect who pays taxes.B
increase overall taxes.C
lower overall taxes.D
affect when to pay taxes.9
Which best summarizes the purpose of a W-4 form?
A
It helps determine the amount of taxes withheld from an individual’s paycheck.B
It helps determine when taxes are due and if money is owed to the IRS.C
It helps determine whether a person has dependents who must also pay taxes.D
It helps determine when a person needs to pay local income taxes.10
The document shows a 1040 form.
A
state tax.B
local tax.C
federal tax.D
sales tax.Did you find these answers helpful?
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