Question

multiple choice circle the letter next to the correct answer.

1. a fixed, annual rate of pay that doesnt change by working more or fewer hours is called ______.

a. salary
b. hourly wages
c. passive income
d. commission

1. when someone says they need to file their taxes, theyre talking about filling out a ______.

a. federal tax return
b. form w-4
c. tax liability
d. tax bracket

1. what is the main irs form that most americans use to file their taxes?

a. form 1040
b. form i-9
c. schedule c
d. form 1099-div

1. property tax, inheritance tax, estate tax, and gift tax are all examples of ______.

a. income tax
b. family tax
c. paycheck tax
d. wealth tax

1. there are two general types of taxes. taxes on the money you ____ and taxes on the money you ____.

a. give; save
b. budget; dont budget
c. have; want
d. earn; spend

1. when you buy specific items like cigarettes, alcohol, airline tickets or gas, you will pay ______.

a. income tax
b. sales tax
c. tax liability
d. excise tax

1. renting out property or selling content on a blog are examples of ______.

a. passive income
b. active income
c. salary
d. portfolio income

1. the deadline for filing your income tax return usually falls on ______.

a. april 15
b. october 13
c. august 15
d. july 4

Explanation:

Question 9

Salary is a fixed annual rate of pay regardless of hours worked. Hourly wages depend on hours, passive income is from investments, and commission is from sales. So the correct answer is A.

Filing taxes means filling out a federal tax return. Form W - 4 is for withholding, tax liability is the amount owed, and tax bracket is a range for tax rates. So the correct answer is A.

Form 1040 is the main IRS form for most Americans to file taxes. Form I - 9 is for employment eligibility, Schedule C is for self - employment, and Form 1099 - DIV is for dividends. So the correct answer is A.

Answer:

A. Salary

Question 10