Tax Trivia
Money, Money, Money
Hard Core Taxes
The Fed
Income Statement
Random
100
He was too short to see Jesus.
Who is Zacchaeus?
100
Highest state income tax in the US.
What is California?
100
To begin preparing my taxes, I need this form from my employer.
What is Form W-2?
100
Institution responsible for collecting our lovely taxes
What is the IRS?
100
COGS stands for this.
What is "Cost of Goods Sold"?
100
March 12,2022
When we no long have to wear masks in K-12 school!
200
He said this: "In this world, nothing is certain except death and taxes"
Who is Ben Franklin?
200
Regardless of how many hours Mrs. Lin works, she still gets paid the same amount per paycheck. She is this type of worker.
What is "salaried worker?"
200
This state has no state income tax nor sales tax
What is Alaska?
200
FICA stands for this
What is Federal Insurance Contributions Act?
200
Name the audit firm that Apply uses
What is Ernst & Young?
200
600 Million
What is the # of barrels of oil per DAY that US is importing from Russia?
300
AGI
What is "Adjusted Gross Income?"
300
I make $14/hour. If I work a 9th hour per day, my wage per hour would be this.
What is $21/hour?
300
In Santa Clara county, it's 0.75%
What is property tax rate?
300
6.2%
What is the Social Security tax rate?
300
"Bottom Line"
What is another name for the net profit or net income after taxes?
300
President of Ukraine
Zelensky
400
$12,000
What is the standard tax deduction for single filer?
400
Another name for tips.
What is gratuity?
400
My parents can claim me as this on their tax forms.
What is a dependent?
400
2nd largest source of revenue for the Federal Govt.
Payroll taxes (FICA= Social Security + Medicare)
400
Revenue - COGS = ?
What is Gross Margin or Gross Profit?
400
Robert Pattinson
Which actor is playing the next Batman?
500
This is the corporate tax rate.
What is 21%?
500
$ Cut off for giving gifts to another person, without having to report to IRS.
What is $15,000?
500
This type of worker would get the Form 1099-NEC.
A non-employee worker, like a freelancer or independent contractor or consultant
500
$676 Billion
What is the $ amount of Defense spending by the Federal govt?
500
My company accounts for a sale when I receive the actual cash payment. I use this type of accounting method.
What is Cash-basis accounting?
500
What is the quadratic formula?