Jenna Hamilton
Quiz by , created more than 1 year ago

Senior Year Personal Finance Tax Questions

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Jenna Hamilton
Created by Jenna Hamilton over 8 years ago
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Taxes

Question 1 of 8

1

Every person in the United States pay taxes

Select one of the following:

  • True
  • False

Explanation

Question 2 of 8

1

Taxes only provide benefits in the United States to a select group of people living i the United States

Select one of the following:

  • True
  • False

Explanation

Question 3 of 8

1

The fee paid to license an automobile is a form of tax

Select one of the following:

  • True
  • False

Explanation

Question 4 of 8

1

If you were to claim your daughter who is a full-time college student as a dependent, she CANNOT claim her own personal exemption when she files her return?

Select one of the following:

  • True
  • False

Explanation

Question 5 of 8

1

You CAN receive a tax refund if you are currently making payments under an installment agreement or payment plan for a prior year's federal taxes?

Select one of the following:

  • True
  • False

Explanation

Question 6 of 8

1

There is not an age limit on claiming your child as a dependent

Select one of the following:

  • True
  • False

Explanation

Question 7 of 8

1

Unemployed benefits are taxable

Select one of the following:

  • True
  • False

Explanation

Question 8 of 8

1

You can claim an additional $1000 credit for each dependent child under the age of17 if you meet income and support tests.

Select one of the following:

  • True
  • False

Explanation