Personal Income Taxation and Filing Quiz

Test your knowledge on US income tax filing, deductions, credits, and more with this taxation law quiz. Get answers to common tax questions.

#1

What is the deadline for filing individual income tax returns in the United States for most taxpayers?

April 15th
May 15th
June 30th
July 4th
#2

Which of the following forms is used by most taxpayers to file their federal income tax return in the United States?

Form 1040EZ
Form 1040A
Form 1040
Form 1099
#3

What is the term for the form that employers must provide to employees by January 31 each year, summarizing their earnings and taxes withheld for the previous year?

Form W-4
Form W-9
Form 1099
Form W-2
#4

What is the term used to describe income earned from investments, such as interest, dividends, and capital gains?

Gross income
Adjusted gross income
Taxable income
Passive income
#5

Which of the following expenses is typically NOT deductible on a federal income tax return?

Medical expenses
Mortgage interest
Charitable contributions
Grocery expenses
#6

What is the term used to describe a deduction from taxable income for a taxpayer, their spouse, and eligible dependents?

Tax credit
Tax deduction
Tax exemption
Tax liability
#7

Which of the following is NOT an example of taxable income?

Wages earned from employment
Interest earned on savings accounts
Social Security benefits
Gifts from family members
#8

Which of the following filing statuses is NOT recognized by the United States tax system?

Single
Married filing jointly
Married filing separately
Domestic partnership
#9

What is the term used to describe income received but not yet taxed, such as interest earned on investments?

Taxable income
Gross income
Tax-deferred income
Adjusted gross income
#10

Which of the following is a tax credit available to low and moderate-income individuals and families in the United States?

Earned Income Tax Credit (EITC)
Standard Deduction
Taxable Income Credit
Marginal Tax Credit
#11

What is the purpose of Form W-4?

To report income earned from self-employment
To request additional withholding from each paycheck
To report income earned from investments
To claim dependents for tax purposes
#12

Which of the following expenses is deductible as an itemized deduction on Schedule A of Form 1040?

Charitable contributions
Student loan interest
Alimony payments
Moving expenses for a new job
#13

What is the maximum annual contribution limit for an Individual Retirement Account (IRA) in the United States for individuals under 50 years old?

$5,500
$6,000
$7,000
$8,000
#14

Which of the following tax forms is used to report income earned from self-employment?

Form 1040
Form 1040A
Form 1040EZ
Form 1099-MISC
#15

Which of the following is NOT a tax-deductible expense for self-employed individuals?

Health insurance premiums
Business travel expenses
Entertainment expenses
Home office expenses

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