Succeeding in the World of Work

Chapter 23: Taxes and Social Security

Interactive Practice Tests

1
What is the government agency that collects federal taxes?
A)the ERA
B)the IRS
C)the IRA
D)the EDD
2
The federal government program that helps individuals who are disabled or retired people and their families is called
A)Social Security
B)Central Security
C)Central Intelligence
D)Social Democracy
3
What is the name of the federal health insurance policy that provides medical benefits to persons 65 years or older?
A)Medical
B)Federal Health Insurance
C)Medicare
D)Surgeon General
4
Payments citizens make to the government to pay for government services are called
A)returns.
B)deductions.
C)taxes.
D)audits.
5
If your employer withheld more money from your paychecks than you owe on your tax return,
A)you will be audited.
B)you will receive a tax refund.
C)you will owe extra tax.
D)your employer will have to pay a fine.
6
Social Security provides benefits for
A)people age 65 or older only.
B)retired people only.
C)people of all ages.
D)people who have purchased work credits.
7
Self-employed people
A)are not eligible for Social Security.
B)do not have to pay Social Security tax.
C)do not have to earn work credits.
D)must pay both the employee's and the employer's share of Social Security tax.
8
The foundation of the U.S. tax system is that
A)we should all contribute our fair share of taxes.
B)everyone should be taxed at the same rate.
C)higher income earners pay a lower percentage of taxes.
D)all states must tax at the same rate.
9
Taxes collected through license and building permits are called
A)property taxes.
B)user taxes.
C)sales taxes.
D)license taxes.
10
The tax form that is often used by single people who earn less than $50,000 during the year is called a
A)1040A.
B)1040AB.
C)1040ES.
D)1040EZ.
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