Tax Season Question 1 out of 10What is the deadline for filing individual tax returns in the U.S.? March 31 May 1 April 15 April 22 You must select an answer before proceeding to the next question.Submit AnswerQuestion 2 out of 10Which term refers to the practice of reducing taxable income through legal means? Tax Evasion Tax Avoidance Tax extension Tax delinquency You must select an answer before proceeding to the next question.Submit AnswerQuestion 3 out of 10What is the IRS? International Revenue Service International Refund Service Internal Refund Service Internal Revenue Service You must select an answer before proceeding to the next question.Submit AnswerQuestion 4 out of 10After a hard-worker is already taxed on their wages what type of tax is levied on the sale of goods and services? Income Tax Sales Tax Estate Tax Excise Tax You must select an answer before proceeding to the next question.Submit AnswerQuestion 5 out of 10What is a tax exemption? An amount that can be subtracted from gross income A tax that is exempt from federal laws A service that is exempt from being taxed A form of tax rebate You must select an answer before proceeding to the next question.Submit AnswerQuestion 6 out of 10What does “FICA” stand for? Financial Contributions Act Federal Income Contributions Association Federal Insurance Contributions Act Federal Income Calculation Allowance You must select an answer before proceeding to the next question.Submit AnswerQuestion 7 out of 10Which of the following is a type of indirect tax? Income tax Property tax VAT (Value-Added Tax) Capital gains tax You must select an answer before proceeding to the next question.Submit AnswerQuestion 8 out of 10What is capital gains tax? Tax on the sale of an investment or asset Tax on business income Tax on inherited property Tax on capital loans You must select an answer before proceeding to the next question.Submit AnswerQuestion 9 out of 10In tax terms, what is depreciation? Reduction in the amount of taxes you owe The process of dividing tax payments Decrease in value of an asset over time A decrease in sales tax over time You must select an answer before proceeding to the next question.Submit AnswerQuestion 10 out of 10Who is required to file a tax return? Only people over the age of 18 Only people with an income above a certain threshold Only businesses and corporations Everyone who has earned income in the past year You must select an answer before proceeding to the next question.Submit Answer Subscribe to AMAC Daily News and Games Email If You Enjoy Games Like This - Subscribe to the AMAC Daily Newsletter! It's easy and FREE Subscribe Today! First Name Last Name Email *By providing your email address and subscribing, you agree to allow AMAC to send you "Join AMAC" emails, if you are not already an AMAC Member. Share Read more articles by The Association of Mature American Citizens Subscribe Login Notify of new follow-up comments new replies to my comments Label Name* Email* Label Name* Email* 32 Comments Most Voted Newest Oldest Inline Feedbacks View all comments George 3 months ago You don’t have the name of the IRS correct in question 3…it is the “Infernal Revenge Scammers”! Broccoli Free Zone 3 months ago Taxation is legalized theft, established and legalized, by the thieves. Beca 3 months ago 10/10, sad…advantage based on age and experience! Hoping our elected representatives gain wisdom, guiding their judgement; am I alone, realizing our forefathers urgently established a new government because they saw contemptible corruption in the old countries? Seems like Congress is thumbing its nose at its citizens. jerryl 3 months ago Question 10 is wrong. If you have reportable income you have taxes withheld. In order to get those withholdings back you must file a tax return. It doesn’t matter how much you earned, you still must file a return. Kreu 3 months ago Should have had a question about Federal Income tax having been initiated as a temporary tax, to remind and educate people that the USG has forgotten to stop it, because they have created their self-licking ice cream cone. Mary Annie 3 months ago My father taught me to do my income tax return as soon as I had reportable income and I have been doing my tax returns ever since. I continue to be surprised that most of my friends only want to know that they will be getting money back! Wrong! I am proud that I make only an annual federal tax payment of less than $1000. And that doesn’t get mailed off until April 15! Bchris 3 months ago 10 out of 10 for the first quiz ever. How sad considering the subject! Melinda 3 months ago Got 2 wrong, the VAT and the last one. Since I retired I pay an accountant to do taxes. It works out to about $12 a month and is worth not having the aggravation. It helps that my taxes are simple. Of course, it doesnt include all the other taxes we pay (sales tax, property tax, etc.). Patty L 3 months ago 9/10…. Wish I didn’t have to know this much! Lol DL Reynolds 3 months ago 10/10 for the first quiz ever. Sadly, most younger people would fail miserably. We need to teach them these things. Bruce 3 months ago 14 out of 10? Margie 3 months ago 10/10 Mike L 3 months ago Not sure, but sometimes April 15 could be moved to April 16 or 17. Massachusetts has “Patriots Day” (battle at Lexington & Concord), celebrated no the third Monday in April. If April 15 falls on Patriots Day (third Monday), the citizens get to move the Tax Day to Tuesday. Boston Marathon is normally run on Patriots Day. (my wife is from Massachusetts) lol Rod Kuhn 3 months ago Question 5 is incorrect. An item that reduces gross income is a “tax deduction, not a “tax exemption”. I battled the IRS on behalf of my employer for 20 years!!! Danm80 3 months ago Missed #10. Oh well!! lilly 3 months ago 6/10 Robert Wippermann 3 months ago Question 2 answer should be “following the law”. Otherwise any and all deductions are Tax Avoidance. Lana 3 months ago 6 of 10. Lousy score. ROBERT 3 months ago Anticipated 10 of 10 but only got 7 of 10. Two I simply didn’t know and made a bad guess, and one I had a jerk motion that caused me to miss my target. KateL 3 months ago 8/10. No explanation needed. Phil 3 months ago 10 for 10 but was a pretty easy quiz. Judith Dunn 3 months ago I’m extending every one who hasn’t given me the information yet Fredrick 3 months ago 8/10 MarySummer Summerhill 3 months ago 8 out of 10 Carol 3 months ago 10/10! Wonder how many younger folks could pass this test? John Bass 3 months ago 8/10 Dianne 3 months ago 7/10 Mary 3 months ago 9/10 Rich D 3 months ago 9/10 wpDiscuz320Would love your thoughts, please comment.x()x| ReplyInsert Login Login Join Renew Member Benefits Newsline Member Benefits Advocacy Our Actions About Advocacy Issues Get Involved Weekly Update Annual Report Find Your Representative AMAC App Better for America Podcast AMAC Book Club AMAC Blog FAQ About Us Overview Our Team Our Stance on Key Issues Magazine Medicare Games Voice Your Opinion in AMAC Polls AMAC in the Media AMAC Action AMAC Foundation Social Security Guarantee Prime Directives Brief Prime Directives Details Sweepstakes Contact Advertise with AMAC Terms & Conditions Privacy Policy
