1. What is your effective tax rate if you paid $27,621 in 2021 and your income was $140,000?

		19.7%
		24%
		10%
		none of these are correct

2. What is your taxable income if your effective tax rate is 16% and your tax obligation is $11,200?

		$75,000
		$70,000
		$18,000
		$9,408

3. Income tax is levied on all of the following taxable items except:

		Wages
		Interest and dividends from moeny invested
		Sales tax
		Capital gains from sales of investments

4. Luke traded several stocks in Robinhood during the year. At the end of the year, he sold his stock positions in several stocks and earned over $15,000 in profits from his investments. What schedule will Luke have to file in addition to his income tax 1040 form?

		Schedule D
		Schedule A
		Schedule B
		Schedule C