ch 3 test
Authored by Dylan Silva
Mathematics
12th Grade
CCSS covered
Used 6+ times
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43 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Summarizes an employee’s earnings and tax withholdings.
Paycheck
W-2 Form
Invoice
Receipt
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Total income earned by a taxpayer.
Gross Income
Net Income
Taxable Income
Adjusted Gross Income
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
An expense which reduces the amount of income subject to tax.
deduction
Tax penalty
Tax increase
Tax surcharge
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
When a capital asset is sold for a profit.
It is considered a capital gain.
It is considered a capital loss.
It is considered a revenue gain.
It is considered a revenue loss.
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
FICA tax for people who work for themselves.
Self-Employment Tax
Income Tax
Sales Tax
Property Tax
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Tax paid on the value of someone’s possessions when they die.
Inheritance Tax
Income Tax
Sales Tax
Property Tax
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Equals adjusted gross income minus deductions and exemptions.
Taxable income
Net income
Gross income
Total income
Tags
CCSS.HSA.SSE.A.1
CCSS.HSA.CED.A.2
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