1. The 2017 Tax Cuts and Jobs Act a. increases the number of tax brackets and the tax percentage rate in each bracket. b. decreases the standard deduction and increases the amount for personal exemptions. c. increases the amount of the standard deduction for each filing status. d. makes no change in the number of tax brackets and increases the tax percentage rate in each bracket.

2. The standard deduction amount for 2018 after the 2017 Tax Cuts and Jobs Act in the : "Individual Income Tax: The Basics and New Changes" is a. more than the standard deduction for 2017. b. less than the standard deduction for 2017. c. the same as for the past seven years. d. designed to increase individual income tax liability.

3. The 2017 Tax Cuts and Jobs Act increases the ________ and eliminates the ________ a. deduction for moving expenses; standard deduction. b. personal exemption amount; tax brackets. c. standard deduction; personal exemption. d. standard deduction; child tax credit.

4. The 2017 Tax Cuts and Jobs Act a. eliminates the child tax credit. b. increases the deduction for moving expenses. c. changes the number of income tax brackets. d. includes a number of changes.

5. The 2017 Tax Cuts and Jobs Act made changes to the Child Tax Credit by __________ the amount of earned income a taxpayer must have to qualify and __________ the amount of credit for each qualifying child. a. increasing; increasing b. decreasing; increasing c. decreasing; decreasing d. increasing; decreasing

6. For 2018, a single taxpayer with a taxable income of $13,530 will calculate income tax liability

a. by multiplying the total taxable income by the 10 percent rate. b. by multiplying the total taxable income by the 12 percent rate. c. by using percentage tax rates from three different tax brackets. d. by using percentage tax rates from the lower two tax brackets.

7. For 2018, the Earned Income Tax Credit

a. is a refundable tax credit based on income level, filing status, and number of qualifying children. b. has been increased to $6,431 for all taxpayers regardless of the amount of taxable income. c. is designed as a benefit for all taxpayers regardless of taxable income levels. d. remains the same without any new guidelines or adjustments for inflation.

8. The 2017 Tax Cuts and Jobs Act has changed the filing form, and the new form a. will simplify income tax filing for all taxpayers. b. is basically the same as the old Form 1040 with unnoticeable changes. c. is much smaller in size and is designed to simplify filing for many taxpayers. d. consolidates the older Form 1040, Form 1040A, and Form 1040EZ into one longer form.