Tax Terms Quiz

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Tax terms and concepts

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Lisbeth Gomez

El Salvador

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Tax Terms Quiz


Tax Terms QuizVersión en línea Tax terms and concepts por Lisbeth Gomez 1 Question 1: Which word describes the individual parts or sections of a legal document or law? a Tax return b Articles c Regulation d Law 2 Question 2: If a person or company does NOT have to pay taxes to the government, they are a... a Taxpayer b Fiscal year c Non-taxpayer d Business name 3 Question 3: What is the word for the mandatory money that citizens pay to the government to fund public services? a Tax b Tax incentive c Regulation d Capital gain 4 Question 4: What is a 'Fiscal year'? a The official name of a company. b A 12-month period used for taxes and budgeting. c An official rule of a country. d A discount to pay less tax. 5 Question 5: The official form where you write how much money you made and calculate your taxes is called a: a Tax return b Registration number c Law d Capital gain 6 Question 6: If the government gives a company a tax discount to encourage them to build a new factory, this is a... a Economic Activity b Taxpayer c Tax return d Tax incentive 7 Question 7: What is the term for the complete, official legal name of a company? a Articles b Registration number c Business name d Economic Activity 8 Question 8: What is 'Capital gain'? a A legal rule created by congress. b Profit from selling an asset for more than its purchase price. c The ID number of a taxpayer. d Money paid directly to the government every month. 9 Question 9: What does the acronym NIT stand for in terms of tax identification? a National Internal Tax b Tax Identification Number c Registration Name d Tax Incentive Number 10 Question 10: The specific way a business makes money (for example: selling shoes, agriculture, or software development) is its... a Regulation b Fiscal year c Capital gain d Economic Activity

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Tax Terms Quiz

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Sobre esta actividad

Creada por

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Tax Terms QuizVersión en línea

por Lisbeth Gomez

Question 1: Which word describes the individual parts or sections of a legal document or law?

Question 2: If a person or company does NOT have to pay taxes to the government, they are a...

Question 3: What is the word for the mandatory money that citizens pay to the government to fund public services?

Question 4: What is a 'Fiscal year'?

Question 5: The official form where you write how much money you made and calculate your taxes is called a:

Question 6: If the government gives a company a tax discount to encourage them to build a new factory, this is a...

Question 7: What is the term for the complete, official legal name of a company?

Question 8: What is 'Capital gain'?

Question 9: What does the acronym NIT stand for in terms of tax identification?

Question 10: The specific way a business makes money (for example: selling shoes, agriculture, or software development) is its...