Paying Your Taxes Math Quiz
Q1 . You earned $96,000 last year. Your effective tax rate is; Federal: 16.3, FICA: 7.65, state: 4.5. If you have added them all and subtracted them from your gross income, what would be left of your income from last year?
Q2 . You earn an amount of $22,000. The tax table says you owe $3,456 in taxes. During the year, your tax withholdings were $5,333. What is the refund amount?
Q3 . You are told that the credit score of yours, i.e. 650, is far better than 40% of the population. Also, you neighbor has a credit score, then which of the following is true?
Q4 . You found that every month you make a loan payment on time, your credit score goes up by 3 points. How much time will it take if you wish to raise it from 640 to 700?
Q5 . You receive three credit scores: 680, 695, 705. What is the average credit score?
Q6 . Your income is $42,000, and you had medical expenses of $567. You discovered you can deduct medical expenses over 6% of your income. What portion of your medical expenses can you deduct?
Q7 . You earned $88,000 last year. You invested $4,500 in an IRA and $2,400 in a 401k. You will be deducted the total from your Federal Income taxes. What did you save just in Federal Income Taxes when you are in a tax bracket that pays 25% of your income in Federal Income Taxes per year?
Q8 . You earned $34,000, and your total tax due was $6,200. What was your average tax rate?
Q9 . A bank tells you that increasing your credit score by 50 points will reduce your interest rate on your $10,000 car loan by 1 percent. How much you can save in the first year.
Q10 . You are not paying federal taxes up to $9,525, 12% for income from $9,526 up to $38,700, 22% for income from $38,701 up to $82,500. If your income is $57,890, how much taxes do you need to pay in the end?
From Classroom to Quiz Stardom
When James Wilson first created a quiz on ancient civilizations for his high school history class, he never imagined it would lead to a side career as one of QuizMaker's most successful creators.
Three years and over 200 quizzes later, James's 'History Mysteries' series has amassed more than 2 million plays and a dedicated following of history enthusiasts from around the world.
Finding a Niche in Historical Puzzles
James's approach combines historical accuracy with engaging storytelling and problem-solving elements. 'I wanted to create quizzes that weren't just about memorizing dates and names,' he explains. 'Each quiz tells a story and invites players to solve a historical mystery or puzzle.'
This unique format has resonated with players who might not typically be drawn to history content, helping James build an audience beyond traditional history buffs.
Building a Community Around Historical Content
Beyond creating engaging quizzes, James has built a thriving community through his dedicated social media channels and a monthly newsletter where he shares historical facts, behind-the-scenes research, and previews of upcoming quizzes.
'The community aspect has been the most rewarding part,' James says. 'I receive messages from students saying my quizzes helped them develop a love for history, and from older adults who enjoy testing their knowledge and learning new things.'
Monetization Strategy
While James started creating quizzes as a teaching tool, they've now become a significant source of income. Through a combination of premium quizzes, sponsorships from educational companies, and affiliate marketing for history books and courses, he's been able to generate substantial revenue.
'Last year, my quiz income actually exceeded my teaching salary,' James reveals. 'It's allowed me to reduce my teaching hours and focus more on creating high-quality educational content.'