What proportion of Americans overpays their income taxes because of ignorance of the tax law?

Question 1

According to the Tax Foundation, what percentage of Americans’ income will be paid in taxes in 2011?

A. 27.7%

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B. 33%

C. 30.4%

D. 5.9%

.

20 points

Question 2

What proportion of Americans overpays their income taxes because of ignorance of the tax law?

A. Three fourths

B. One half

C. One third

D. Two Thirds

.

20 points

Question 3

What is one way to save money on insurance?

A. Reduce your assets

B. Increase your premiums

C. Reduce your deductible

D. Increase your deductible

.

20 points

Question 4

Selling used goods is an effective way to earn income without increasing your tax burden.

True

False

.

20 points

Question 5

According to Forrester Research, by 2010, only five percent of the health insurance market was consumer-driven health plans (HSAs).

True

False

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