How Much Do You Know About Ohio Tax Laws?
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Test your knowledge of Ohio Tax Laws with our engaging Ohio Tax Laws quiz! Whether you're a resident, a taxpayer, or simply interested in tax laws, this quiz will challenge your understanding of Ohio's tax regulations. Explore questions about sales tax rates, income tax brackets, deductible expenses, and more. With these engaging multiple-choice questions, you'll have the opportunity to demonstrate your expertise on Ohio Tax Laws. Put your knowledge to the test and see how well you fare in this informative and fun quiz. Challenge yourself to see how much you know about Ohio Tax Laws!
- 1.
Which of the following is not subject to Ohio sales tax?
- A.
Groceries
- B.
Clothing
- C.
Restaurant meals
- D.
Prescription drugs
Correct Answer
D. Prescription drugs -
- 2.
What is the individual income tax rate for the highest income bracket in Ohio?
- A.
5%
- B.
7%
- C.
10%
- D.
12%
Correct Answer
C. 10% -
- 3.
Ohio has an estate tax.
- A.
True
- B.
False
Correct Answer
A. True -
- 4.
What is the corporate income tax rate in Ohio?
- A.
4%
- B.
7%
- C.
10%
- D.
No corporate income tax
Correct Answer
D. No corporate income tax -
- 5.
Which of the following is not a deductible expense on an Ohio income tax return?
- A.
Mortgage interest
- B.
Charitable donations
- C.
Student loan interest
- D.
Sales tax paid
Correct Answer
D. Sales tax paid -
- 6.
What is the penalty for late payment of Ohio income taxes?
- A.
1% per month
- B.
2% per month
- C.
5% per month
- D.
10% per month
Correct Answer
A. 1% per month -
- 7.
True or False: Ohio offers a tax credit for electric vehicle purchases.
- A.
True
- B.
False
Correct Answer
A. True -
- 8.
What is the tax rate on motor vehicle sales in Ohio?
- A.
4%
- B.
5%
- C.
6.75%
- D.
7.25%
Correct Answer
C. 6.75% -
- 9.
How often are employers required to file withholding tax returns in Ohio?
- A.
Monthly
- B.
Quarterly
- C.
Annually
- D.
Biannually
Correct Answer
B. Quarterly -
- 10.
What is the Ohio use tax rate for out-of-state purchases?
- A.
4%
- B.
5%
- C.
6.75%
- D.
7.25%
Correct Answer
C. 6.75% -
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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Nov 16, 2023Quiz Edited by
ProProfs Editorial Team -
Jul 12, 2023Quiz Created by
Smriti Singh
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