Tax Basics: Chapter 5 quiz

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If you think you have mastered the material in this chapter, take our quiz. Fill in your answers and click “submit.” Your scored answers will appear below.

  1. You and your spouse can file a joint return if:

    You were married the entire tax year.
    You were married for more than six months.
    You were husband and wife on Dec. 31.
  2. You bought a house last year. On your tax return you now can deduct:

    Mortgage interest, loan points and property taxes.
    The lawn service you hired.
    The homeowner association’s annual fee.
  3. When death and taxes finally meet, the IRS:

    Collects taxes on only the amounts in the deceased taxpayer’s bank accounts.
    Collects taxes from heirs after they receive their bequests.
    Exempts a portion of the estate from taxation.