placeholder image to represent content

Chapter 3 PMM

Quiz by Jan Timmerman

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
39 questions
Show answers
  • Q1
    The power to levy federal income taxes rests with the U.S. Congress.
    False
    True
    30s
  • Q2
    The Internal Revenue Service is an agency of the Department of the Treasury.
    False
    True
    30s
  • Q3
    Money received in the form of wages, tips, salaries, or interest is taxable income.
    False
    True
    30s
  • Q4
    Alimony is taxable to the person receiving it and is deductible to the one paying it.
    True
    False
    30s
  • Q5
    Unemployment compensation benefits received are taxable to the person who receives them.
    False
    True
    30s
  • Q6
    Starting in 2018, all U.S. Taxpayers will use the same Form 1040 to report their income.
    False
    True
    30s
  • Q7
    Only a married person is considered a head of household.
    True
    False
    30s
  • Q8
    An exemption is defined as any person who depends on the taxpayer for support during the year.
    False
    True
    30s
  • Q9
    Responsibility for preparing and filing tax returns rests with the individual; this principle is known as voluntary compliance.
    True
    False
    30s
  • Q10
    To compute your tax liability, turn to the tax tables and look up the amount called
    taxable income
    take-home pay
    adjusted gross income
    gross income
    30s
  • Q11
    Tax returns must be filed by _____ of the following year.
    January 31
    April 15
    January 1
    December 31
    30s
  • Q12
    As an alternative to itemizing deductions, taxpayers may
    file Form 1040A
    claim more exemptions
    claim standard deduction
    file Form 1040EZ
    30s
  • Q13
    A tax on specific products and services is the _____ tax.
    property
    flat
    income
    excise
    30s
  • Q14
    What is a type of IRS audit requiring a taxpayer to appear in person and bring records?
    correspondence
    office
    field
    research
    30s
  • Q15
    For people who use Form 1040, the IRS allows
    electronic filing of tax returns
    Both of these
    none of these
    electronic payment of taxes due
    30s

Teachers give this quiz to your class