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Newest Taxation Questions

1. Which type of tax is applied uniformly so that lower-income individuals are paying a higher percentage of their earnings on the
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2. Choose the correct term from each box.Complete the paragraph about tax returns. The tax you owe, or liability, is computed from
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   2. asked by Neko :3
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3. Select the correct answer.Sue's taxable income is $30,000 a year after accounting for deductions. Assuming she does not apply
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   2. asked by Neko :3
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4. What are the differences between a sales tax and a use tax?* 1 point A sales tax on goods and services is paid by a region's
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   2. asked by SS
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5. One way to calculate the total tax is 0.04(50 + 30). The total tax is $
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6. One way to calculate the total tax is 0.06(40 + 30). The total tax is $
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7. One way to calculate the total tax is 0.05(50 + 40). The total tax is $
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8. What are the differences between a sales tax and a use tax?(1 point)Responses A sales tax is collected when a good or service is
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9. Which type of tax describes excise taxes, sales taxes, and tolls?(1 point)Responses use tax use tax progressive tax progressive
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10. Types of Taxes Quick Check2 of 52 of 5 Items Question Identify all the groups that pay property tax.(1 point) Responses
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11. What are the differences between a sales tax and a use tax?(1 point)Responses A sales tax on goods and services is paid by a
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12. Why wage tax declaration from is filled
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    2. asked by Ask a New Question Menu Question successfully post
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13. Answer the following questions1. The system of levying tax is called what? 2. The rate of dividend with holding tax is 3. What
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    2. asked by Ask a New Question Menu Question successfully post
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14. Provide some critical answers for the following wordsA. Describe why NPF is dedicated for income earners. B. What is IRC and
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    2. asked by Ask a New Question Menu Question successfully post
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15. Provide some critical definition for the following terms1. Taxable income 2. Allowable deductions 3. Depreciation 4. Bad debts
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    2. asked by Ask a New Question Menu Question successfully post
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16. Use the image to answer the question.A family has $98,150 of taxable income. The top tax rate on the graph is for taxable income
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17. Why is it important to fill out a W4 form correctly? (1 point) Responses So that your employer knows that you do not have a
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18. if you are filling tax returns as an individual, you will need to itemize your taxes if
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19. Federal income tax brackets can be impacted by which of the following?(1 point)Voter registration of taxpayer Criminal history
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20. Sales tax amounts are generally established by which of the following?(1 point)
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21. A certain state uses the progressive tax rate below for calculating individual income tax. Calculate the state income tax owed
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22. Which type of tax describes excise taxes, sales taxes, and tolls?(1 point)Responses progressive tax progressive tax regressive
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23. Identify all the groups that pay property tax.(1 point)Responses landowners and homeowners landowners and homeowners landowners,
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24. A tax preparer needs to explain tax rates to a client. Which of the following best interprets the piecewise linear function for
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25. If you are filling your tax return as an individual, you will need to itemize your taxes if
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26. Which of the following is the solution for income tax deducted on earnings of $1,000 with a tax rate of 24%?(1 point)Responses
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27. The South African income tax system isregressive a flat-rate tax proportional progressive
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    2. asked by pule
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28. Personal income taxes are the largest source of revenue for the government.True False
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    2. asked by pule
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29. Find the amount of the sales tax and the total cost.Cost of Item Tax Rate   ​$300 8​%
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    2. asked by momma
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30. You are visiting one of the following states: Tennessee, Vermont, Wisconsin, or Wyoming. Each has a state sales tax on most
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31. If you have 12% withheld for federal taxes, 7% for state taxes, and FICA is 7.65%, how much are your involuntary withholdings in
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    2. asked by Katana Yama
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32. FICA is a(n) _____.(1 point) Responses involuntary deduction based on a percentage of gross pay involuntary deduction based on a
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    2. asked by Katana Yama
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33. Section 2: Sales Tax3.) If GrubHub charges a delivery fee of $3.50 for her delivery, and Bailey wants to tip the driver $4.00,
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34. All of the following statements describe how individual taxpayers may choose to deduct state and local general sales taxes,
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35. Lucia (40) is single. Her 2022 federal itemized deductions totaled $17,400, of which she claimed $1,200 of state income taxes
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36. Olga (68) and Galina (66) are married and file a joint return. Their gross income (including one-half of their social security)
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37. If a taxpayer's Earned Income Credit (EIC) was disallowed, what additional step must the taxpayer take the next time they claim
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38. Question 5 of 20.Eugene is an active duty member of the Armed Forces. He has a permanent change of station due to a military
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39. Which of the following is an example of taxable alimony?A cash or check payment made under a decree of divorce or separation.
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40. A Single taxpayer has a state AGI of $765,000 and federal AGI of $785,000. Itemized deductions total $55,000 under both federal
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41. Question 24 of 30.At what age does a child no longer qualify a taxpayer for the Child Tax Credit? The year the child reaches age
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42. Vladimir (65) and Alyona (64) will file married filing jointly. Alyona is blind. What is their 2023 standard deduction on Form
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43. Dominik (55) and Eva (50) will file married filing jointly. Neither is blind. What is their 2023 standard deduction?$20,800
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44. The IRS requires paid tax preparers to keep a completed copy of returns or claim for refund; or retain some type of record, or
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45. What is the purpose of Form W-9?To claim deductions and credits on an individual tax return. To report an employee's wages to
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46. Shayna is a restaurant hostess with tip income. Which of the following statements would help her to report her tip income
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47. Which of the following is included in a taxpayer's federal gross income?Gifts and inheritances. Life insurance payments, if paid
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48. Which of the following is excluded from gross income?Wage income. Rental income. Life insurance benefits received upon the death
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49. When calculating taxes, which of the following is larger the more dependents one has?(1 point) Responses bonus bonus deduction
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50. Federal income tax brackets can be impacted by which of the following?(1 point)Responses Voter registration of taxpayer Voter
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51. Sales tax amounts are generally established by which of the following?(1 point)Responses State and local rates State and local
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52. Which of the following statements concerning state sales tax is correct?States that have a state income tax do not collect sales
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53. Suppose your total taxable income this year is $75,000. You are taxed at a rate of 10 percent on the first $25,000, 20 percent
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54. A single taxpayer, age 67, with an AGI of $237,500 gets what amount of the Exemption credit for TY2022?Select one: a. $232 b.
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55. A single taxpayer, age 67, with an AGI of $237,500 gets what amount of the Exemption credit for TY2022?
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56. taxes on a common-size formula
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    2. asked by 123
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57. If Elaine has 4 exemptions and makes $520 per week, what will her income tax withholding be according to the following table?Sin
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58. Select the correct answer.Based on the following tax table, how is the tax payable on a taxable income of $64,000 calculated?
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59. Select the correct answer.Zander is searching for ways to decrease the amount of income taxes he pays each year. Which of the
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60. Select the correct answer.Zander is searching for ways to decrease the amount of income taxes he pays each year. Which of the
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61. Select the correct answer.Kim's taxable income is about $72,000 a year after accounting for deductions. Based on the following
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62. Which of the following is the solution for income tax deducted on earnings of $1,000 with a tax rate of 24%?(1 point)Responses
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    2. asked by YO
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63. An example of a voluntary deduction is _____.(1 point) Responses charitable contributions charitable contributions federal tax
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    2. asked by Katana Yama
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64. Sales tax in Birmingham, AL, is the highest in the nation at 10 percent. Pete paid $9.44 in sales tax for an item in Birmingham,
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    2. asked by tasmina hates redwan he is an ugly b****
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65. Which of the following is the solution for income tax deducted on earnings of $1,000 with a tax rate of 24%?pick one answer
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    2. asked by .
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66. Which of the following is the solution for income tax deducted on earnings of $1,000 with a tax rate of 24%?(1 point) Responses
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    2. asked by .
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67. which of the following is the solution for income tax deducted on earning of $1,000 in with a tax rate of 25%? (1 point)
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    2. asked by sami
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68. The South African income tax system isregressive a flat-rate tax proportional progressi
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    2. asked by pule
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69. Personal income taxes are the largest source of revenue for the government of SATrue False
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    2. asked by pule
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70. Personal income taxes are the largest source of revenue for the government.True False Question 60 Question 60
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    2. asked by pule
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71. Is VAT example of direct taxor is it income tax?
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72. examples of direct tax in SA
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73. SA income tax is progressive or regressive ot a flat rate tax or proportional
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74. SA income tax is ?
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75. Section 2: Sales Tax1.) Bailey is starving! It's lunchtime and she wants to order some food and an iced coffee from Starbucks to
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    2. asked by optinal
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76. Section 2: Sales Tax2.) Including tax, what is the total cost of Starbucks for Bailey? (1 point) Responses $24.24 $24.24 $23.16
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77. In the article, the author claims that the amount of money a lottery winner takes home depends on where they live.How does the
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    2. asked by lunabella
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78. Prior to the CARES Act, up to what percentage of your income could be deducted as a donation to charity?(1 point) Responses 70%
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79. How is the federal income tax a progressive tax?A person with a higher income pays more money in taxes, although the percentage
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80. The following may be claimed as a tax deduction except _____.money spent on household expenses donations to charity interest on
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81. Why does the federal government collect income taxes in installments rather than waiting until the end of the year?It is easier
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82. Taxes that fund Social Security and Medicare are referred to as _____.estate taxes gift taxes tariffs FICA
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83. Which of the following is a tax incentive?taking tax payments out of an employee’s pay before he or she receives it the use of
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84. What happens to the money that your employer withholds from your paycheck?Your employer sends it to the federal government to
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85. How is the federal income tax a progressive tax?A. Two married people who file their taxes together will pay more taxes than a
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86. Sales Tax PortfolioYou are visiting one of the following states: Tennessee, Vermont, Wisconsin, or Wyoming. Each has a state
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87. If you earned up to $120,000 in 2011, you were taxed at a rate of roughly 6% of your income. If you made over $120,000, you were
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88. If an individual passed away and left an estate worth $1.2 million, what percentage of the assets would be subject to an estate
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89. Which of the following is a tax incentive?a set amount that you subtract from your gross income for yourself and any dependents
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90. sales tax rate in califorina
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91. sales tax rate in texas
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92. What does double taxation mean?Sole proprietorships and partnerships pay both personal income taxes and business income taxes.
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93. Riley and Layla are interested in forming a partnership but are concerned about the associated taxes. If the partnership
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94. You're most likely to pay your county or town taxes in the form of a/an _______ tax.Question 11 options: A) income B) property
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95. Sales tax is
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96. Which of the following is NOT a type of tax?A) Inheritance Tax B) Estate Tax C) Revenue Tax D) Luxury Tax
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97. payroll tax is
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98. Payroll Tax is
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99. what are estate taxes
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100. Gross Income - Adjustments to income =A) Adjusted Gross Income B) Exemptions C) Taxable Income D) Deductions
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