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Tenth Grade (Grade 10) Economics Questions

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Grade 10 :: Economics by PaulNik
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 by PaulNik
Grade 10 :: Economics by PaulNik
Grade 10 :: Economics by PaulNik
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 by PaulNik
Grade 10 :: Economics by PaulNik
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
Grade 10 :: Economics by PaulNik
Social Security and Medicare taxes are paid by:
  1. employees
  2. employers
  3. both
  4. neither
Grade 10 :: Economics by PaulNik
You must file your tax return no later than:
  1. July 4
  2. September 11
  3. December 7
  4. April 15
Grade 10 :: Economics by PaulNik
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 by PaulNik
Employers must withhold from your paycheck:
  1. federal income tax
  2. property taxes
  3. excise taxes
  4. tariffs
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