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Purpose & History of Taxes
Types of Taxes
Filing Taxes
Wild
100

1.    Select all of the following which taxes may be imposed upon.

Income and earnings

International imports

Products and services

Thoughts and ideas

Income and earnings

International imports

Products and services

100

1. Select all of the following benefits of federal, state or local taxes.

Education

Housing

Public transportation

Sporting events

Education

Housing

Public transportation

100
  • 1.    Traditional filing consists of which of the following?
  • A.   Filing online
  • B.   Paper forms and handwritten completion
  • C.   Help from a financial advisor
  • D.   Filing with computer software
  • B.   Paper forms and handwritten completion
100

I am a number you use to fill out your tax forms. For many, I'm just a few digits, but for some, I'm a whole lot of math. What am I?

1040

200

2.    Which document gives Congress the power to lay and collect taxes?

The Constitution 

200
  • 2.    Sales taxes are also known as which of the following?
  • A.   Consumption taxes
  • B.   Production taxes
  • C.   Conservation taxes
  • D.   Permission taxes
  • A.   Consumption taxes
200
  • 2.    Select all of the following benefits of e-filing.

Convenience

Faster response time

Less tax liability

More accurate returns

Convenience

Faster response time

More accurate returns

200

Whats the famous saying, "3 things are guaranteed in life, D____, _______, and Change.

Death Taxes, and Change

300
  • 3.    In what year was the first income tax proposed but NOT enacted?
  • A.   1764
  • B.   1765
  • C.   1812
  • D.   1842
    C.   1812
300
  • 3.    Which of the following is an example of an excise tax?
  • A.   A tax on groceries
  • B.   A tax on electronics
  • C.   A tax on services
  • D.   A tax on alcohol
  • D.   A tax on alcohol
300
  • 3.    What date is usually “tax day?”
  • A.   January 31
  • B.   April 15
  • C.   June 1
  • D.   September 22

April 15th

300

When do accountants fall over?

When they lose their balance

400
  • 4.    Which amendment to the Constitution outlawed poll taxes?
  • A.   5th
  • B.   16th
  • C.   24th
  • D.   27th

C. 24th

400

4.    Estate taxes are taxes which are collected when __________.

A person dies

400
  • 4.    Select all of the following which are considered tax fraud.

Claiming false deductions

Claiming no deductions

Failing to file a required tax return

Falsifying income

Claiming false deductions

Failing to file a required tax return

Falsifying income

400

Why are accountants always tired after work? 

Because their job is so taxing.

500

What does IRS stand for?

Internal Revenue Service

500

5.    Which of the following taxes are automatically withheld from paychecks?

Social Security Taxes

500

5.    What is a tax audit?

A detailed examination of a specific tax return by the IRS

500

Name the movie: Christian Wolff (Ben Affleck) is a mathematics savant with more affinity for numbers than people. Using a small-town CPA office as a cover, he makes his living as a freelance accountant for dangerous criminal organizations. 

The Accountant