MCQ Questions
Q.1.
A federal payroll tax that supports retired workers is
  • 0%
    tax rate
  • 0%
    lower overall taxes.
  • 0%
    local income tax
  • 100%
    social security tax
Q.2.
The chart shows a sample paycheck stub.The chart shows that federal and state taxes are
  • 0%
    how much a property is worth
  • 0%
    lower overall taxes.
  • 100%
    withheld from employee pay.
  • 0%
    federal tax
Q.3.
Sales tax is calculated
  • 0%
    tax rate
  • 0%
    how much a property is worth
  • 0%
    social security tax
  • 100%
    using a percentage of the price of an item.
Q.4.
Which are types of income tax that people pay? Check all that apply.
  • 0%
    federal tax
  • 0%
    state income tax.
  • 0%
    progressive or flat
  • 0%
    federal localstate
Q.5.
Most state and local income taxes are either ...
  • 0%
    social security tax
  • 0%
    federal localstate
  • 0%
    progressive or flat
  • 0%
    state income tax.
Q.6.
The document shows a personal allowances worksheet.The document asks about dependents because the number can
  • 0%
    lower overall taxes.
  • 0%
    local income tax
  • 0%
    federal tax
  • 0%
    withheld from employee pay.
Q.7.
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?
  • 0%
    $5,000
  • 0%
    $60
  • 0%
    6 percent
  • 0%
    tax rate
Q.8.
Property taxes are based on
  • 0%
    how much a property is worth
  • 0%
    withheld from employee pay.
  • 0%
    using a percentage of the price of an item.
  • 0%
    how much has been earned how much has been withheld for taxes
Q.9.
If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is
  • 0%
    tax rate
  • 0%
    6 percent
  • 0%
    federal tax
  • 0%
    $5,000
Q.10.
What types of information does a W-2 form contain? Check all that apply.
  • 0%
    withheld from employee pay.
  • 0%
    how much a property is worth
  • 0%
    tax rate
  • 0%
    how much has been earned how much has been withheld for taxes
Q.11.
Sales tax is calculated by multiplying the price of an item by the ....
  • 0%
    6 percent
  • 0%
    federal tax
  • 0%
    tax rate
  • 0%
    using a percentage of the price of an item.
Q.12.
The document shows a 1040 form.The 1040 form is used to collect
  • 0%
    lower overall taxes.
  • 0%
    tax rate
  • 0%
    6 percent
  • 0%
    federal tax
Q.13.
If a home is valued at $250,000 and the property tax rate is 2 percent, how much will the owners pay in property taxes?
  • 0%
    $5,000
  • 0%
    $60
  • 0%
    tax rate
  • 0%
    6 percent