Tax Quizzes, Questions & Answers

Recent Quizzes

We all hear about taxes in the news all the time, but are you hearing fact or spin? Find out how much you know about taxes with this quick quiz.

Questions: 5 | Attempts: 89 | Last updated: Nov 1, 2023

Sample Question
The top official tax rate on corporate profits is:

20%

25%

30%

35%

Tax, Tip, Discount, I=prt, Percent Of Change

Tax, Tip, Discount, I=prt, Percent of Change

This is a quiz that asks different random questions that are designed to test your knowledge on tax, tip discount and percentage of change. It might not be as easy as you think but just try it out to see how you it goes.

Questions: 20 | Attempts: 881 | Last updated: Mar 20, 2023

Sample Question
Mrs. York's homeroom recorded the total number of books read per month. In May, they read 72 books, and in June they read 56 books. What was the approximate percent decrease from May to June?

4% decrease

4.5% decrease

16% decrease

22% decrease

Business Income And Tax Quiz

Business Income and Tax Quiz

Business Income, Deductions, and Accounting Methods

Questions: 29 | Attempts: 356 | Last updated: Mar 21, 2023

Sample Question
Business expenses are generally deductible without limitation if it is ordinary and necessary – commonly incurred by other businesses (not necessarily repetitive in nature (e.g., legal fees for defense in lawsuit) and appropriate for a particular business.

True

False

Chapter 7 Tax Quiz

Individual Income Tax Computation and Tax Credits

Questions: 11 | Attempts: 462 | Last updated: May 30, 2024

Sample Question
Preferential tax rates are 0% for taxpayers in what tax brackets?

0% and 10%

Only 15%

10% and 15%

15% and above

Chapter 9 Tax Quiz

Chapter 9 Tax quiz

Property Acquisition & Cost Recovery

Questions: 39 | Attempts: 119 | Last updated: Jul 22, 2024

Sample Question
Basis of property is ____________ by cost recovered every year

Increased

Reduced

Remains constant

None of the above

Eco 102 H Review (Chapter 8: Application: The Costs Of Taxation)

ECO 102 H REVIEW (Chapter 8: Application: The costs of Taxation)

Choose the BEST answer.

Questions: 19 | Attempts: 842 | Last updated: Mar 20, 2023

Sample Question
Taxation is truly not necessary for a society.

True

False

Who Wants To Be A T&e Brainiac? #1

Who Wants to be a T&E Brainiac? #1

Want to challenge your knowledge or just have a little fun? Take our "Who wants to be Estate Planning Brainiac" quiz. You will have 6 minutes to answer 10 multiple choice questions. Get 10 out of 10 correct and you...

Questions: 10 | Attempts: 158 | Last updated: Mar 21, 2023

Sample Question
If someone died in 2010, does the estate automatically escape federal estate taxation?

Yes

No

Only if death occurred before the 2010 Tax Act was signed into law.

Tax And Regulatory - Sample Questions

Tax and Regulatory - Sample Questions

Sample Question Paper for Tax Proficiency Test (TPT)

Questions: 8 | Attempts: 1951 | Last updated: Mar 21, 2023

Sample Question
A company is required to pay 75% of its advance tax liability by which date:

15 March of the previous year

15 December of the previous year

15 September of the previous year

15 June of the previous year

Tax And Regulatory Program â€“ Indirect Tax

Tax and Regulatory Program â€“ Indirect tax

Tax and Regulatory Program Tax Proficiency test – Indirect tax Questionnaire Part A – Indirect tax

Questions: 25 | Attempts: 173 | Last updated: Mar 21, 2023

Sample Question
If Company A (situated in Gujarat) raises an invoice on Company B (situated in Delhi) for supply of goods from its warehouse (situated in Maharashtra) to Company B’s warehouse (situated in Tamil Nadu), in which State will CST be levied?

Gujarat

Delhi

Maharashtra

Tamil Nadu

Tax And Discount Quiz! Trivia

Tax and Discount Quiz! Trivia

Questions: 12 | Attempts: 3707 | Last updated: Mar 22, 2023

Sample Question
What is the full cost of an item that costs $9.00 with a 7% sales tax?

$9.70

$9.63

$13.60

7.89

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