Reference no: EM132671197

Problem 1: What penalty is imposed on a taxpayer who filed their tax on August 1st provided they are not business owners?

Option 1: 5%

Option 2: 8%

Option 3: 6%

Option 4: 7%

Problem 2: The amount of sales tax depends on the amount spent.

Option 1: True

Option 2: False

Problem 3: Which of the following is a downside to a progressive tax system?(There is more than one answer)

Option 1: family unit problems

Option 2: Bankrupty

Option 3: positive economic growth

Option 4: tax avoidance

Problem 4: What factor do large corporations have to decide the installment amount for the early months?

Option 1: 1/2

Option 2: 1/3

Option 3: 1/4

Option 4: 1/12

Problem 5: If a person died in January 2020 but hasn't filed his/her tax form for 2019. when will it be due?

Option 1: December 2020

Option 2: July 2020

Option 3: Apil 30,2020

Option 4: June 15,2020