Question 1

​The town of Oakdale assesses property at 70% of market value. The tax rate is 2.3%. A hospital has a total market value of $850,000. How much does the hospital save by being exempt from property taxes?

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Question 2

​Rates for a single taxpayer are 10% of taxable income up to $8,375 and 15% thereafter up to $34,000. Brian Jackson, a single taxpayer, earned $34,000. He took the standard deduction of $5,700 for a single taxpayer and one exemption of $3,650. Compute the amount of income tax.

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Question 3

​A veteran living in Huntsville receives a partial exemption of 10% of regular property taxes. The veteran owns property valued at $230,000. If the property is assessed at 60% of value and the current rate is 1.6%, how much tax is due each six months?

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Question 4

​The town of Duncan assesses property at 60% of market value. The tax rate is 2.5%. A building has a total market value of $760,000. How much does the building save by being exempt from property taxes?

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Question 5

​A home having an annual tax bill of $1,800 was sold at the end of the ninth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?​

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Question 6

​The residents of Ashville voted to widen their roads, at a cost of $220 per residence, with the cost spread over a 10-year period. The Parker family had an annual tax bill of $320 before the improvements. If they pay their property taxes semiannually, what will be the amount of their next tax payment?

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Question 7

​A veteran living in Tulsa receives a partial exemption of 10% of regular property taxes. The veteran owns property valued at $190,000. If the property is assessed at 70% of value and the current rate is 1.2%, how much tax is due each six months?

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Question 8

George and Sarah Gains had a combined gross income of $55,800. They took the standard deduction of $11,400 for a married couple filing a joint return. They have 3 children ages 6, 9, and 13 years. The amount for each exemption is $3,650. Compute their taxable income.​

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Question 9

​A home having an annual tax bill of $1,500 was sold at the end of the sixth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?

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Question 10

​If a property tax rate is 15 cents on $1, what is that rate in mills?

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Question 11

James and Judy Silvers own a small apartment complex. They received rents of $26,000 last year. Judy painted and sold landscapes for $11,700. James received $9,300 in royalties for some magazine articles. Compute their combined gross income.​

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Question 12

A home having an annual tax bill of $2,460 was sold at the end of the eighth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?​

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Question 13

​Express a tax rate of 1.27% in dollars.

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Question 14

​A home having an annual tax bill of $2,400 was sold at the end of the tenth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?

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Question 15

Rates for a single taxpayer are 10% of taxable income up to $8,375 and 15% thereafter up to $34,000. Ernest Silva, a single taxpayer, earned $28,000 working days as a salesman and $5,000 working nights as a part-time janitor in a local factory. He itemizes the following deductions: $4,800 interest on his house, $920 state taxes, $800 donation to his church, and $300 donation to the Salvation Army. He takes one exemption of $3,650. Compute the amount of income tax.

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Question 16

​The residents of Richmond voted to build a new library, at a cost of $180 per residence, with the cost spread over a 10-year period. The Wilson family had an annual tax bill of $2,580 before the improvements. If they pay their property taxes semiannually, what will be the amount of their next tax payment?

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Question 17

Joe and Amy Kivers both worked last year. Joe earned $48,000 as a mechanic. Amy earned $18,000 doing typing at home. They inherited $12,000. Compute their combined gross income.​

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Question 18

William Weston received $25,000 as manager of an apartment building, $50,000 as beneficiary of his late wife's insurance policy, $5,400 in interest on tax-exempt state bonds, and a gift of $900. Compute William's gross income.​

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Question 19

​The town of Brownsville assesses property at 80% of market value. The tax rate is 1.8%. A church has a total market value of $580,000. How much does the church save by being exempt from property taxes?

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Question 20

​Lee Johnston works as a waitress. Last year she earned $28,500 in salary, $9,800 in tips, and $2,500 catering on weekends. Compute her gross income.

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Quiz 11: Taxes

​The town of Oakdale assesses property at 70% of market value. The tax rate is 2.3%. A hospital has a total market value of $850,000. How much does the hospital save by being exempt from property taxes?

​Rates for a single taxpayer are 10% of taxable income up to $8,375 and 15% thereafter up to $34,000. Brian Jackson, a single taxpayer, earned $34,000. He took the standard deduction of $5,700 for a single taxpayer and one exemption of $3,650. Compute the amount of income tax.

​A veteran living in Huntsville receives a partial exemption of 10% of regular property taxes. The veteran owns property valued at $230,000. If the property is assessed at 60% of value and the current rate is 1.6%, how much tax is due each six months?

​The town of Duncan assesses property at 60% of market value. The tax rate is 2.5%. A building has a total market value of $760,000. How much does the building save by being exempt from property taxes?

​A home having an annual tax bill of $1,800 was sold at the end of the ninth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?​

​A veteran living in Tulsa receives a partial exemption of 10% of regular property taxes. The veteran owns property valued at $190,000. If the property is assessed at 70% of value and the current rate is 1.2%, how much tax is due each six months?

George and Sarah Gains had a combined gross income of $55,800. They took the standard deduction of $11,400 for a married couple filing a joint return. They have 3 children ages 6, 9, and 13 years. The amount for each exemption is $3,650. Compute their taxable income.​

​A home having an annual tax bill of $1,500 was sold at the end of the sixth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?

​If a property tax rate is 15 cents on $1, what is that rate in mills?

James and Judy Silvers own a small apartment complex. They received rents of $26,000 last year. Judy painted and sold landscapes for $11,700. James received $9,300 in royalties for some magazine articles. Compute their combined gross income.​

A home having an annual tax bill of $2,460 was sold at the end of the eighth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?​

​Express a tax rate of 1.27% in dollars.

​A home having an annual tax bill of $2,400 was sold at the end of the tenth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?

Joe and Amy Kivers both worked last year. Joe earned $48,000 as a mechanic. Amy earned $18,000 doing typing at home. They inherited $12,000. Compute their combined gross income.​

William Weston received $25,000 as manager of an apartment building, $50,000 as beneficiary of his late wife's insurance policy, $5,400 in interest on tax-exempt state bonds, and a gift of $900. Compute William's gross income.​

​The town of Brownsville assesses property at 80% of market value. The tax rate is 1.8%. A church has a total market value of $580,000. How much does the church save by being exempt from property taxes?

​Lee Johnston works as a waitress. Last year she earned $28,500 in salary, $9,800 in tips, and $2,500 catering on weekends. Compute her gross income.

The town of Oakdale assesses property at 70% of market value. The tax rate is 2.3%. A hospital has a total market value of $850,000. How much does the hospital save by being exempt from property taxes?

Rates for a single taxpayer are 10% of taxable income up to $8,375 and 15% thereafter up to $34,000. Brian Jackson, a single taxpayer, earned $34,000. He took the standard deduction of $5,700 for a single taxpayer and one exemption of $3,650. Compute the amount of income tax.

A veteran living in Huntsville receives a partial exemption of 10% of regular property taxes. The veteran owns property valued at $230,000. If the property is assessed at 60% of value and the current rate is 1.6%, how much tax is due each six months?

The town of Duncan assesses property at 60% of market value. The tax rate is 2.5%. A building has a total market value of $760,000. How much does the building save by being exempt from property taxes?

A home having an annual tax bill of $1,800 was sold at the end of the ninth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?

A veteran living in Tulsa receives a partial exemption of 10% of regular property taxes. The veteran owns property valued at $190,000. If the property is assessed at 70% of value and the current rate is 1.2%, how much tax is due each six months?

George and Sarah Gains had a combined gross income of $55,800. They took the standard deduction of $11,400 for a married couple filing a joint return. They have 3 children ages 6, 9, and 13 years. The amount for each exemption is $3,650. Compute their taxable income.

A home having an annual tax bill of $1,500 was sold at the end of the sixth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?

If a property tax rate is 15 cents on $1, what is that rate in mills?

James and Judy Silvers own a small apartment complex. They received rents of $26,000 last year. Judy painted and sold landscapes for $11,700. James received $9,300 in royalties for some magazine articles. Compute their combined gross income.

A home having an annual tax bill of $2,460 was sold at the end of the eighth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?

Express a tax rate of 1.27% in dollars.

A home having an annual tax bill of $2,400 was sold at the end of the tenth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?

Joe and Amy Kivers both worked last year. Joe earned $48,000 as a mechanic. Amy earned $18,000 doing typing at home. They inherited $12,000. Compute their combined gross income.

William Weston received $25,000 as manager of an apartment building, $50,000 as beneficiary of his late wife's insurance policy, $5,400 in interest on tax-exempt state bonds, and a gift of $900. Compute William's gross income.

The town of Brownsville assesses property at 80% of market value. The tax rate is 1.8%. A church has a total market value of $580,000. How much does the church save by being exempt from property taxes?

Lee Johnston works as a waitress. Last year she earned $28,500 in salary, $9,800 in tips, and $2,500 catering on weekends. Compute her gross income.