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Taxation Quizzes, Questions & Answers

Recent Taxation Quizzes

Vita Tax Prep - Dependency Exemption

Questions: 10 | Attempts: 344 | Last updated: Mar 19, 2025

Sample Question
John is a 23-year-old single college student. His mother is entitled to claim him as a dependent on her tax return. Is John entitled to claim himself as a personal exemption on his own return?

Yes

No

Option 3

Option 4

Direct Taxation Quiz Questions and Answers

Questions: 10 | Attempts: 1551 | Last updated: Aug 18, 2025

Sample Question
The following is capital receipt:

Dividend from investment;

Bonus shares;

Sale of technological know- how;

Compensation received for compulsory evacuation of place of business

Comprehensive Test No. 12

Questions: 12 | Attempts: 13 | Last updated: Apr 14, 2025

Sample Question
True or False: To be able to claim the credit for child and dependent care expenses, you must have paid someone to care for your qualifying person(s) while you (and your spouse if filing a joint return) work or look for work.

True

False

Comprehensive Test No. 9

Questions: 20 | Attempts: 27 | Last updated: Apr 14, 2025

Sample Question
CHECK ALL THAT APPLY: What is a "standard deduction"?

The standard deduction is an amount by which certain taxpayers are able to reduce their adjusted gross income if they do not itemize their deductions.

The standard deduction is a benefit that eliminates the need for many taxpayers to itemize actual deductions on Schedule A.

The standard deduction is a dollar amount that reduces your taxable income.

ALL OF THE ABOVE.

Comprehensive Test No. 8

Questions: 27 | Attempts: 19 | Last updated: Apr 14, 2025

Sample Question
CHECK ALL THAT APPLY: Check the statement(s) below that correctly describe a "TRADITIONAL IRA".

A Traditional IRA may be opened with a mutual fund, insurance company or through your stockbroker.

Any taxpayer receiving taxable compensation during the year and is age 70 1/2 or younger may open and make contributions to a Traditional IRA.

A Traditional IRA can be opened at a bank or other financial institution.

Some or all of your contributions to a Traditional IRA may be deductible, depending on your circumstances.

Earnings and gains on a Traditional IRA are generally not taxed until they are distributed.

ALL OF THE ABOVE

Comprehensive Test No. 5

Questions: 16 | Attempts: 11 | Last updated: Apr 14, 2025

Sample Question
Rental income is any payment you receive for the use or occupation of property. Generally, you must include in your gross income all amounts you receive as rent. Which item(s) below, if received in connection with rental property, would be considered rental income?

Fee for canceling a lease

Security deposit to be returned at the end of the lease

Advance rent

Expenses paid by tenant

All of the above

Comprehensive Test No. 3

Questions: 14 | Attempts: 7 | Last updated: Apr 14, 2025

Sample Question
True or False: If you perform services other than as an independent contractor, your employer should send you Form W-2 showing the pay you received for your services. Report your pay on line 2 of Form 1040 or 1040A, or line 1 of Form 1040EZ, even if you did not receive a Form W-2.

True

False

1040x/Soi Refresher(Tax Payers) Quiz

Questions: 10 | Attempts: 228 | Last updated: Mar 20, 2025

Sample Question
Which is true about taxpayers that file MFS?

MFS tax filers can claim education credits.

MFS tax filers can claim EIC (Earned Income Credit).

MFS tax filers can claim exemptions, if they have them.

Taxpro Basic Income Tax Quiz! Trivia

Questions: 24 | Attempts: 1790 | Last updated: Mar 22, 2025

Sample Question
What is Adjusted Gross Income?

Your after-tax income

Your taxable income after deductions

Your taxable income before deductions

None of the above

Chapter 12 Mathematics Quiz

Questions: 41 | Attempts: 259 | Last updated: Mar 22, 2025

Sample Question
Which of the following forms is filled out by an employee, who is a citizen, at the beginning of an employment relationship?

W-9

W-2

W-4

FORM 1099

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