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11.If a household has a single woman and three kids, has a standard deduction of $5,950, its itemized deductions are $10,650 and personal exemptions of $11,400 (3*$3,800) then the first _____ of income is federal income tax free.

A)$16,600

B)$17,350

C)$22,050

D)$28,000

12.If a household has a single woman and three kids, has a standard deduction of $5,950, its itemized deductions are $5,650 and personal exemptions of $11,400 (3*$3,800) then the first _____ of income is federal income tax free.

A)$11,600

B)$17,350

C)$15,050

D)$23,000

13.If a single person has a standard deduction of $5,950, itemized deductions of $6,650 and a personal exemption of $3,800, then the first _____ of income is federal income tax free.

A)$9,750

B)$10,450

C)$12,600

D)$16,400

14.If a single person has a standard deduction of $5,950, itemized deductions of $3,650 and a personal exemption of $3,800, then the first _____ of income is federal income tax free.

A)$7,450

B)$9,600

C)$9,750

D)$13,400

15.Taxable income is

A)Adjusted Gross Income - Exemptions.

B)Adjusted Gross Income - Exemptions - Deductions.

C)Adjusted Gross Income - Exemptions-Deductions-Credits.

D)Adjusted Gross Income - Exemptions-Deductions-Credits-Taxes Withheld.

16.The filing status of a person who is legally married yet separated as a result of a messy impending divorce is likely to be

A)married filing jointly.

B)married filing separately.

C)single head of household.

D)single.

17.The filing status of an unmarried single parent living with another person is likely to be

A)married filing jointly.

B)married filing separately.

C)single head of household.

D)single.

18.A tax structure is progressive as long as a person who has more income pays

A)more tax than someone who has less income.

B)a higher rate of tax than someone who has less income.

C)the same tax than someone who has less income.

D)the same rate of tax than someone who has less income.

19.The marginal tax rate is

A)the percentage of all dollars of income paid in tax.

B)the percentage of all taxable dollars of income paid in tax.

C)the percentage of the last dollar of income paid in tax.

D)the percentage of all dollars of income paid in tax and the percentage of the last dollar of income paid in tax.

20.The Earned income tax credit goes to

A)non-working poor people living off of government assistance.

B)the retired.

C)low-income working people.

D)all taxpayers regardless of income.

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