Tax Season Question 1 out of 10What is the deadline for filing individual tax returns in the U.S.? March 31May 1April 15April 22You 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 <strong>legal</strong> means? Tax EvasionTax AvoidanceTax extensionTax delinquencyYou must select an answer before proceeding to the next question.Submit AnswerQuestion 3 out of 10What is the IRS? International Revenue ServiceInternational Refund ServiceInternal Refund ServiceInternal Revenue ServiceYou 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 TaxSales TaxEstate TaxExcise TaxYou 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 incomeA tax that is exempt from federal lawsA service that is exempt from being taxedA form of tax rebateYou must select an answer before proceeding to the next question.Submit AnswerQuestion 6 out of 10What does "FICA" stand for? Financial Contributions ActFederal Income Contributions AssociationFederal Insurance Contributions ActFederal Income Calculation AllowanceYou 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 taxProperty taxVAT (Value-Added Tax)Capital gains taxYou 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 assetTax on business incomeTax on inherited propertyTax on capital loansYou 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 oweThe process of dividing tax paymentsDecrease in value of an asset over timeA decrease in sales tax over timeYou must select an answer before proceeding to the next question.Submit AnswerQuestion 10 out of 10Who is <strong><em>required</em></strong> to file a tax return? Only people over the age of 18Only people with an income above a certain thresholdOnly businesses and corporationsEveryone who has earned income in the past yearYou must select an answer before proceeding to the next question.Submit Answer Share CommentsWrite a commentStart writing — we'll just need a name to post. Comments are reviewed before promotion.?Post CommentLoading comments...
