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Understanding Tax Trivia: True or False

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Understanding Tax Trivia: True or False

Yes or No

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Played 12 %Accuracy 72 Average time 00:50
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About this activity

Quick true/false questions about taxes.

Created by

Valerie Bentley
Valerie Bentley
United States

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Understanding Tax Trivia: True or False
 

Understanding Tax Trivia: True or FalseOnline version

Quick true/false questions about taxes.

by Valerie Bentley
1

Income tax is a tax paid on earned income by individuals.

2

Tax refunds occur when taxpayers have paid more than their total tax liability.

3

All states charge the same rate of sales tax.

4

Filing taxes once every two years is required for individuals.

5

W-4 forms help employers estimate how much tax to withhold from an employee's paycheck.

6

The federal government uses a progressive tax system where higher incomes are taxed at higher rates.

7

Payroll taxes are optional and don't fund any programs.

8

A tax deduction increases your taxable income.

9

Sales tax is collected by retailers at the point of sale.

10

Anyone can claim the same tax credit regardless of income.

 
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