Taxes Answers
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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.2
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The document shows a 1040 form.
A
state tax.B
local tax.C
federal tax.D
sales tax.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
If Massachusetts has a sales tax of 6 percent and New Hampshire has no sales tax, how much money can be saved by buying a $1,000 television in New Hampshire?
A
$6B
$16C
$60D
$6005
Which describes a type of tax that funds city programs?
A
progressive taxB
federal income taxC
local income taxD
medicare tax6
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.7
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.8
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.9
Property taxes are based on
A
where a property is located.B
who lives on a property.C
how much a property is worth.D
when a property was purchased.10
What types of information does a W-2 form contain? Check all that apply.
A
how much has been earnedB
how much sales tax has been paidC
how much has been withheld for taxesD
how much property tax has been paidE
how much additional tax is dueF
how much withheld tax will be refundedDid you find these answers helpful?
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