Topic: Taxes, Tax-related vocabulary 2

Choose the best response to complete each of the sentences below.

1. He is _________________ ( = considered) to be self-employed.
  deemed
  doomed
  damned

2. You can give _________________ $13,000 yearly without having to pay the "gift tax".
  up to
  up
  to

3. Your "_________________ income" refers to all your income from taxable sources, before any exemptions, deductions, etc.
  net
  itemized
  gross

4. You will have to pay a 10% penalty. = a 10% penalty will be _________________.
  taken
  imposed
  taken off

5. To deduct = To _________________
  minus
  take
  subtract

6. The amount of your income credit depends __________________ your income level.
  on
  of
  with

7. Yes, you would be __________________ to make this deduction. ( = you can make this deduction legally)
  allowed
  allotted
  allocated

8. The fastest way to file your tax return is __________________.
  electrically
  electorally
  electronically

9. You cannot __________________ ( = take) a deduction for contributions to a traditional IRA.
  request
  claim
  bring

10. This limit can be carried _________________ to future years. ( = can be used in future tax returns)
  up
  over
  out


CHECK ANSWERS

HOME

---

OUR PACKAGES:
BUSINESS ENGLISH GLOSSARY   
BUSINESS ENGLISH WORKSHEET COLLECTION



CONNECT & SHARE:
   

OUR OTHER SITES:
LearnEnglishFeelGood.com
LearnEnglishFeelGood.ca (CANADIAN ENGLISH)
EnglishForMyJob.com
ESLResourceSite.com (WORKSHEETS)
LearnSpanishFeelGood.com
LearnPolishFeelGood.com

COOKIE & PRIVACY POLICY

CONTACT US: info (at) learnenglishfeelgood (dot) com