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PF Chapter 3 Taxes
By Adam Spencer
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Last updated almost 6 years ago
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Question 1
1.
Question 2
2.
Question 3
3.
If sales tax is 7% in your town and you buy a pop for $1, how much would your total bill come to? Show your work
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Question 4
4.
Question 5
5.
The responsibility for filing a tax return on your own is called...
Question 6
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Question 7
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Question 8
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Question 9
9.
The standard deduction for 2019 was $12,200. If you took the standard deduction and made $35,600 in 2019, what was your taxable income?
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The largest quantity of the US government's revenue comes from this source
sales tax
property tax
luxury tax
income tax
The main function of this agency is to collect taxes and enforce tax laws
US Treasury
Internal Revenue Service
External Revenue Service
Social Security Service
The President has the power to levy federal taxes on US citizens.
True
False
Willful failure to pay taxes which may lead to a crime punishable by fine, imprisonment or both is called
tax avoidance
tax deduction
tax evasion
tax dodging
The deadline to file your income taxes in a normal year is
February 1
April 14
April 15
July 15
Form W-4 summarizes the income you earned and taxes withheld by your employer for the year
True
False