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Taxation of Business Entities

This quiz will test your knowledge on the taxation of business entities.

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Which of the following is not a type of business entity for tax purposes?

  1. Sole proprietorship
  2. Partnership
  3. Limited liability company (LLC)
  4. Corporation
Question 2 Multiple Choice (Single Answer)

Which of the following is not a type of tax that businesses may be subject to?

  1. Income tax
  2. Sales tax
  3. Property tax
  4. Payroll tax
Question 3 Multiple Choice (Single Answer)

Which of the following is not a deduction that businesses may be allowed to take on their tax returns?

  1. Cost of goods sold
  2. Salaries and wages
  3. Rent
  4. Interest
Question 4 Multiple Choice (Single Answer)

Which of the following is not a type of tax credit that businesses may be eligible for?

  1. Research and development credit
  2. Investment tax credit
  3. Foreign tax credit
  4. Child tax credit
Question 5 Multiple Choice (Single Answer)

Which of the following is not a type of tax form that businesses may be required to file?

  1. Form 1040
  2. Form 1120
  3. Form 1065
  4. Form 941
Question 6 Multiple Choice (Single Answer)

Which of the following is not a factor that may affect a business's tax liability?

  1. The type of business entity
  2. The location of the business
  3. The amount of income the business earns
  4. The number of employees the business has
Question 7 Multiple Choice (Single Answer)

Which of the following is not a type of tax that businesses may be required to pay on their employees' wages?

  1. Social security tax
  2. Medicare tax
  3. Unemployment tax
  4. Workers' compensation tax
Question 8 Multiple Choice (Single Answer)

Which of the following is not a type of tax that businesses may be required to pay on their property?

  1. Property tax
  2. Real estate tax
  3. Special assessment tax
  4. Sales tax
Question 9 Multiple Choice (Single Answer)

Which of the following is not a type of tax that businesses may be required to pay on their sales?

  1. Sales tax
  2. Use tax
  3. Excise tax
  4. Value-added tax
Question 10 Multiple Choice (Single Answer)

Which of the following is not a type of tax that businesses may be required to pay on their imports?

  1. Customs duty
  2. Excise tax
  3. Import duty
  4. Value-added tax
Question 11 Multiple Choice (Single Answer)

Which of the following is not a type of tax that businesses may be required to pay on their exports?

  1. Export duty
  2. Excise tax
  3. Sales tax
  4. Value-added tax
Question 12 Multiple Choice (Single Answer)

Which of the following is not a type of tax that businesses may be required to pay on their investments?

  1. Capital gains tax
  2. Dividend tax
  3. Interest tax
  4. Property tax
Question 13 Multiple Choice (Single Answer)

Which of the following is not a type of tax that businesses may be required to pay on their employees' benefits?

  1. Social security tax
  2. Medicare tax
  3. Unemployment tax
  4. Workers' compensation tax
Question 14 Multiple Choice (Single Answer)

Which of the following is not a type of tax that businesses may be required to pay on their environmental impact?

  1. Carbon tax
  2. Pollution tax
  3. Resource tax
  4. Sales tax
Question 15 Multiple Choice (Single Answer)

Which of the following is not a type of tax that businesses may be required to pay on their use of public resources?

  1. Property tax
  2. Real estate tax
  3. Special assessment tax
  4. Sales tax
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