Multiple Choice Questions

Tax that you pay when making a profit from selling a house is an example of:
  • Net Pay is how much you've made during a pay period, YTD Net Pay is how you've made this year.
  • Capital Gains Tax
  • Either A or B
  • Sales Tax
If you are in a car accident caused by someone else who also has insurance, which type of insurance plan will not require you to pay out of pocket costs?
  • Sales Tax
  • Either A or B
  • A tree branch breaks your bedroom window during a storm.
  • Capital Gains Tax
On a pay stub, what is the difference between "Net Pay" and YTD Net Pay"?
  • A tree branch breaks your bedroom window during a storm.
  • Capital Gains Tax
  • When your total of previous payments and applicable credits is more than the tax you owe.
  • Net Pay is how much you've made during a pay period, YTD Net Pay is how you've made this year.
The amount you owe in state income tax is based on:
  • $300
  • Sales Tax
  • Capital Gains Tax
  • your yearly earnings
The person who receives financial protection from a life insurance plan is called a:
  • Low deductible plan
  • $300
  • Beneficiary
  • your yearly earnings
Under which circumstance might you receive a tax refund from the IRS?
  • A tree branch breaks your bedroom window during a storm.
  • Net Pay is how much you've made during a pay period, YTD Net Pay is how you've made this year.
  • Sales Tax
  • When your total of previous payments and applicable credits is more than the tax you owe.
You have an insurance policy with a $300 premium and a $500 deductible. How much should you expect to pay the insurance company each month for coverage?
  • Sales Tax
  • $300
  • Either A or B
  • your yearly earnings
0 h : 0 m : 1 s

Multiple Choice Questions
Answered Not Answered Not Visited Correct : 0 Incorrect : 0