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Tenth Grade (Grade 10) Economics Questions

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Grade 10 Economics
Employers must withhold from your paycheck:
  1. federal income tax
  2. property taxes
  3. excise taxes
  4. tariffs
Grade 10 Economics
Taxes on the sale of tobacco, gasoline, and alcohol are:
  1. gift taxes
  2. property taxes
  3. estate taxes
  4. excise taxes
Grade 10 Economics
The difference between income and wages is:
  1. income is taxable, wages are not
  2. wages are taxable, income is not
  3. wages are only for labor
  4. wages are only for products sold
Grade 10 Economics
Social Security and Medicare taxes are paid by:
  1. employees
  2. employers
  3. both
  4. neither
Grade 10 Economics
You must file your tax return no later than:
  1. July 4
  2. September 11
  3. December 7
  4. April 15
Grade 10 Economics
Grade 10 Economics
The form you send in along with you tax return is:
  1. Form W-4
  2. Form W-2
  3. Form 5W40
  4. Form W-4010
Grade 10 Economics
In order to file Form 1040EZ, you must:
  1. not have any dependents
  2. have a taxable income less than $50,000
  3. have earned no more than $1,500 in interest
  4. all of the above
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