Can someone answer this quiz and I will double the deposit please
Question 1. You made an error when you filed your tax return last year. You can correct this error by filing Form ______. (Points : 2) 1040ES 1040X 1040E Schedule A Question 2. You would typically not include ____ in your gross income. (Points : 2) wages and salaries life insurance death benefit payments interest and dividends pension income Question 3. Itemized non-business expenses do not include ______. (Points : 2) charitable contributions state income taxes residential mortgage interest life insurance premiums Question 4. Your income tax withholding is dependent on ______. (Points : 2) income level and deductions deductions and age income level and number of withholding allowances number of withholding allowances and deductions Question 5. ____ income is subject to federal taxes. (Points : 2) Gross Adjusted gross Net Taxable Question 6. ____ would not be considered taxable income. (Points : 2) Child support payments Proceedings from an employer retirement plan Dividend income a and b Question 7. You are preparing your own tax return. The least costly source for answering your questions would be ______. (Points : 2) IRS 800 numbers private preparation service tax accountant tax lawyer Question 8. For tax purposes, head-of-household refers to _____. (Points : 2) the person with the larger income when a couple is filing a joint return a single individual with dependents a single individual who owns a home the spouse who has the only income for a couple filing a joint return Question 9. The federal government gets the majority of its revenue from the ____ tax. (Points : 2) sales property excise income Question 10. On which of the following types of income would you normally have income tax withheld? (Points : 2) Tips Interest Dividends Capital gains Question 11. Over 75% of the revenue received by the federal government is from ____ and ____ taxes. (Points : 2) sales and income income and excise Social Security and estate income and Social Security Question 12. Tax credits reduce your ______. (Points : 2) tax liability adjusted gross income tax refund tax withholding Question 13. If you do not wish to itemize deductions, you can use the _______. (Points : 2) pay-as-you-go amount bracket deduction standard deduction exemption Question 14. ____ income is gross income less tax deductions and payments for insurance and retirement savings. (Points : 2) Take-home EBIT Adjusted gross Taxable Question 15. A progressive tax system is one in which higher-income people pay ____ than lower-income people. (Points : 2) a higher dollar amount in taxes tax at a higher rate a lower dollar amount in taxes tax at a lower rate Question 16. There are numerous advantages and disadvantages of on-line bill payment systems. Which of the following is a potential advantage? (Points : 2) privacy electronic bill payments are accepted by all retailers round-the-clock updated balance information efficient start-up Question 17. Commercial banks are insured by the _______. (Points : 2) Financial Deposit Insurance Association Federal Depositors Assurance Corporation Federal Deposit Insurance Corporation Financial Deposit Insurance Company Question 18. Compared to other depository financial institutions, credit unions ______. (Points : 2) are run to benefit their members pay higher interest on savings charge lower rates on loans all of these are true Question 19. The more frequently a bank compounds interest, ____ will be. (Points : 2) the higher the stated interest rate the lower the stated interest rate the higher the APY the lower the APY Question 20. Money Market Mutual Funds ______. (Points : 2) allow check writing are typically federally insured have stated maturity dates are offered by banks, S&Ls, and credit unions Question 21. You have $450 in your checking account when your ATM card and PIN are stolen. You could lose up to ____ if you report the lost ATM card within 2 business days. (Points : 2) $0 $25 $50 $450 Question 22. You are going on an overseas trip and you want to have checks that are easily converted into local currency. You should purchase _____. (Points : 2) cashier's checks certified checks conditional checks traveler's checks Question 23. If you write a check for an amount greater than your account balance, the result will be _______. (Points : 2) an endorsement a reconciliation an overdraft a share draft Question 24. When reporting errors or unauthorized transactions, it is best to notify your bank _____. (Points : 2) by telephone by letter, keeping a copy for your files by telephone and follow up with a letter and keep a copy for your files none of these Question 25. The most important rule for establishing a savings plan is to _____. (Points : 2) set realistic goals take advantage of compounding establish a regular pattern of saving keep it simple