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Fun Tax Facts Quiz

 

1. Which ancient civilization revered the tax professional as the most noble man in society?

Greece
Rome
Egypt
Incas

2. How much would the Duck Stamps would be worth today?

$800
$2,000
$3,500
over $5,000

3. What was the top income tax rate during World War I?

25 percent
33 percent
77 percent
50 percent

4. Which of the following statements about tithes in medieval Europe are true?

The tithe could be paid in money or its equivalent in crops or livestock.
The tithe was used to maintain the clergy and keep churches in repair.
The tithe was used to help the needy.
All of the above.

5. In what year was the Twenty-fourth Amendment, declaring poll tax unconstitutional, ratified?

1902
1964
1879
1957

6. About how much money was given to the Presidential Election Campaign Fund from 2001 tax returns?

$72 million
$58 million
$14 million
$5 million

7. Which of the following was NOT one of the ways in which the government used popular culture and the media to inform people about taxes?

Cartoon character Donald Duck visited Washington, D.C., and learned about taxes in the short film "The New Spirit."
Popular composer Irving Berlin wrote the song "I Paid My Income Tax Today."
President Roosevelt appeared in television commercials reminding people to pay taxes.
Popular singer Danny Kaye included songs about paying taxes in his club appearances.

8. What was the average annual income in 1914?

$5,000
$200
$1,200
$800

9. In all, about how many people do you think reported 078-05-1120 as their Social Security number?

40,000
10,000
7,000
400,000

10. The error rate for an e-file return is about what percentage?

25 percent
10 percent
Half a percent
20 percent

11. How much is the U.K.’s color TV licensing fee (in U.S. dollars)?

$60
$232
$77
$25

12. How much does it cost taxpayers for each $100 collected by the IRS?

$10
$2.45
39 cents
89 cents

13. For the year 2000, President George W. Bush and his wife, Laura, declared a taxable income of $744,682. What was their total tax liability for that year?

$2,403
$24,034
$240,342
$2,403,420

14. How many cocoa beans would you need to buy a rabbit from the Aztecs?

10 cocoa beans
100 cocoa beans
22 cocoa beans
4 cocoa beans

15. How many Americans were out of work during the Great Depression?

between 200 and 500 workers
between 10,000 and 20,000 workers
between 50 and 60 million workers
between 12 and 15 million workers

Click here for the answers.