Do you realize that the amount of taxes you pay may vary significantly depending on which state you live in? Some states have high tax rates, whereas some have no personal income tax at all. Take our quiz to find out how tax rates in your state might affect you.
How many U.S. states have an income tax?
Which of the following are taxes that state governments collect?
both of the above
Which of the following constitute income?
interest on savings accounts
What is the highest percentage of your income taken by any U.S. state in income tax?
11 per cent
21 per cent
Tax deductions are used by the government to:
encourage tax paying
Most states base their taxes on the adjusted gross income you calculated for your _____taxes.
A progressive tax varies depending on how much money you make. Which U.S. state has the lowest progressive tax level?
State tax counts for an average of about _____percent of total state revenue.
Most states require you to pay taxes in the state:
in which your income is earned
in which you live
in which you were born
Which state had the highest individual income tax burden in 2008?
Which of the following are a large source of revenue for the state of Wyoming?
mineral royalty taxes
both of the above
Which of the following are a large source of revenue for the state of Nevada?
personal income tax
If you own two homes in two different states, where do you generally pay state income tax?
in your primary residence
in the state with the highest tax rate
in the state with the lowest tax rate
Military personnel pay personal income tax in the state:
where they were born
they lived in at the time of their enlistment
where their military base is located
The total amount you would pay in taxes is called your: