Multiple Choice Questions

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