Taxes Quizzes-The IRS is part of:

Answer to Quiz

The IRS is part of:

Answer: (b), the U.S. Department of Treasury
The U.S. Department of Treasury is the U.S. cabinet department which performs several functions: formulating and recommending economic, financial, tax and fiscal policies; serving as financial agent for the U.S. government; and, manufacturing coins and currency. See www.ustreas.gov. The Internal Revenue Service is a bureau of the Department of the Treasury.

Next Quiz:

The "over 55 home sale exemption":

(a) Allows up to $250,000 tax free gains ($500,000 for couples) on the sale of a principal residence by homeowners over 55
(b) Allows persons over 55 to sell their house tax free so long as they purchase a new home at the same price or more
(c) Allows tax deferral of gains on investment property, so long as the property is "like kind"
(d) Allows accelerated depreciation for homeowners over 55

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Buyout

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Buyout

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