Need help with homework assignment! Will chose best answer.?

[chavivi]

I'm going to be honest- I've always been really really bad at math. Comprehending it, learning it and visualizing it.. I've always been horrible at it. This is an assignment I've done, but I'm not exactly sure how I did. Any answers would be great. So I can check my answers, or use yours if I got it wrong. I appreciate those who help, I will chose best answer.

Please don't comment if you disagree, there's no need for rude comments. One love



1. Who has the right to levy taxes on the income of individuals and businesses by the ruling of the 16th Amendment of the Constitution that was signed into law in 1913?
A. Congress
B. The governor
C. The president
D. The Supreme Court




2. Which of the following is NOT a regular tax category?
A. Commune chairperson
B. Married filing jointly
C. Married filing separately
D. Single Individual




4. What would the taxes be on an annual salary of $43,972, I, if the taxes, T, are T = 0.15(I – 5,000) + 1,000?
A. $5,258.42
B. $6,845.80
C. $8,249.97
D. $8,300.28



5. There is no tax jump from 0.33E – 15,207.50 to 0.35E – 21,346.50.
True
False




8. When you get a raise in pay, what often happens to your income taxes?
A. They are deferred for one year.
B. They decrease due to a change in tax bracket.
C. They increase due to a change in tax bracket.
D. Taxes don’t rely on your income, so they don’t change.



9. The best policy for you, the taxpayer, is to pay all taxes that are due. What other piece of advice is important to keep in mind?
A. Avoid paying extra taxes that are not due.
B. Avoid applying for deductions.
C. Claim additional dependants on your W2.
D. When possible, don’t claim exemptions.



10. What item below is larger the more dependents you have?
A. Bonus
B. Deduction
C. Obligation
D. Tax bill



11. If you have three dependents and your income is the sole income of your household, then what is a good filing option for you to use?
A. Filing jointly
B. Head of household
C. Married filing jointly
D. Single Individual



13. There is no tax jump from 0.28E – 9,819.50 to 0.33E – 18,554.
True
False



14. What term describes a specific item amount on which you do not have to pay taxes?
A. Exception
B. Exemption
C. Extra
D. Opportunity




15. Every individual and business must show all their earnings, taxable portion of earnings, taxes already paid, taxes that are owed, or tax returns that are due when they do what?
A. File for bankruptcy
B. File income tax return
C. Sell stock
D. Vote in a public election




18. If you get a $50.00 raise in pay per month and your taxes also increase about $50.00 per month, how would you probably feel?
A. Appreciated because you are getting rewarded for your hard work
B. Proud because the government needs your money worse that you do
C. Resentful because it seems unfair
D. Satisfied because you broke even




19. When your earnings increase a little and your taxes increase a lot, what could this be called?
A. Deduction
B. Exemption
C. Fortunate opportunity
D. Tax jump




20. What tax collection organization was founded in 1862?
A. Environmental Protection Agency
B. Federal Communication Commission
C. Internal Revenue Service
D. Supreme Court