Taxation and Compensation in Employment Quiz Test your understanding of taxation and compensation in employment with these challenging quiz questions on direct taxes, W-2 forms, tax credits, and more!
#1
Sales tax
Income tax
Value-added tax
Excise duty
#2
To report income earned from investments
To report income earned from self-employment
To calculate federal income tax withholding from pay
To claim tax credits
#3
Property tax
Sales tax
Federal income tax
Social Security tax
#4
To request taxpayer identification number and certification
To request wage and tax statements
To report income from self-employment
To report capital gains
#5
Income tax
Sales tax
Property tax
Excise tax
#6
Federal Income Contribution Act
Federal Insurance Contributions Act
Federal Investment and Capitalization Act
Federal Internal Compensation Assessment
#7
Salary
Bonuses
Health insurance benefits
Stock options
#8
To report income earned from self-employment
To report income earned from investments
To report income earned from employment
To report income earned from rental properties
#9
Income tax
Property tax
Sales tax
Capital gains tax
#10
Alternative Minimum Tax
Adjusted Marginal Tax
Average Market Tax
Additional Mandatory Tax
#11
Tax deduction
Tax exemption
Tax rebate
Tax credit
#12
Penalty of 5% of unpaid taxes for each month
Penalty of 10% of unpaid taxes for each month
Penalty of $50 for each month
Penalty of 2% of unpaid taxes for each month
#13
Company car for personal use
Health insurance premiums paid by employer
Tuition reimbursement for job-related courses
Paid time off (vacation days)
#14
Having earned income
Being a U.S. citizen or resident alien
Not having investment income exceeding $3,650
Filing as married filing separately
#15
To report income earned as an employee
To report income earned from investments
To report income earned from rental properties
To report income earned from self-employment
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