The Ultimate Tax Brackets Quiz
by Staff
Depending on your income range, you will be taxed according to one of the tax brackets that exist today in the income tax system. Does it pay to work hard and get ahead, or will Uncle Sam just take anything extra that you earn? Take our quiz and find out whether ambition pays in light of today's tax reality.

A _____ is a range of incomes taxed at a specific rate.

  • tax bracket
  • tax shelter
  • tax group

Tax brackets are components of _______ income tax system.

  • an aggressive
  • a progressive
  • a regressive

Which of the following tax systems would tax all taxpayers at the same rate?

  • the Ralph Nader tax
  • the flat tax
  • the round tax

What is your income tax filing status if you are single and living alone without any dependents?

  • head of household
  • single
  • qualifying widow(er)

How many tax brackets are there for each filing status in the United States income tax system?

  • two
  • four
  • six

Which tax rate do you actually pay to the Internal Revenue Service?

  • your effective tax rate
  • your ineffective tax rate
  • your progressive tax rate

The first United States income tax was established in:

  • 1761
  • 1861
  • 1961

Federal income tax as we know it has been in place since:

  • 1903
  • 1913
  • 1923

How many tax brackets were there during the Great Depression?

  • five
  • 15
  • 55

The Economic Recovery Tax Cut of 1981 _____ tax rates.

  • lowered
  • raised
  • abolished