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PF Chapter 3 Taxes
By Adam Spencer
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Last updated over 5 years ago
9 questions
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Question 1
1.
The largest quantity of the US government's revenue comes from this source
sales tax
property tax
luxury tax
income tax
Question 2
2.
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
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.
The President has the power to levy federal taxes on US citizens.
True
False
Question 5
5.
The responsibility for filing a tax return on your own is called...
Question 6
6.
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
Question 7
7.
The deadline to file your income taxes in a normal year is
February 1
April 14
April 15
July 15
Question 8
8.
Form W-4 summarizes the income you earned and taxes withheld by your employer for the year
True
False
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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