Saturday, April 28, 2012

POP QUIZ (The tax man cometh)

In honor of the looming deadline for tax filings, a look at taxes and tax laws, and accountants and bookkeepers.

1. Which of the 12 apostles was once a tax collector?
a) Matthew
b) Mark
c) Luke
d) John
2. This Renaissance man is known as the "Father of Accounting."
a) Leonardo da Vinci
b) Umberto Eco
c) Luca Pacioli
d) Luca Brasi
3. Which of the following tax acts was not on the list of grievances that sparked the American Revolution?
a) Stamp Act
b) Sugar Act
c) Class Act
d) Townshend Act
4. Taxes played a role in this uprising in Massachusetts in 1786-87.
a) The Whiskey Rebellion
b) Bacon's Rebellion
c) The Stono Rebellion
d) Shays' Rebellion
5. He was a potter, an abolitionist, and an accounting pioneer.
a) Benjamin Franklin
b) Josiah Wedgwood
c) John Woolman
d) Cornelius Fudge
6. The Revenue Act was the first federal income tax in U.S. history.  Which president signed it into law?
a) Thomas Jefferson
b) Andrew Jackson
c) Abraham Lincoln
d) Woodrow Wilson
7. In what year did the Supreme Court rule, in Pollock v.Farmers' Loan and Trust Co., that a federal income tax was unconstitutional?
a) 1863
b) 1895
c) 1921
d) 1934
8. What amendment to the Constitution granted Congress the "power to lay and collect taxes on incomes, from whatever source derived ....".
a) 12th
b) 14th
c) 16th
d) 20th
9. What president said: "Republicans believe every day is the Fourth of July, but the Democrats believe every day is April 15."
a) Teddy Roosevelt
b) Calvin Coolidge
c) Ronald Reagan
d) George W. Bush
10. Name the three accountants on the TV series The Office.
a) Creed, Phyllis, and Oscar
b) Ryan, Darryl, and Angela
c) Pam, Kevin, and Stanley
d) Oscar, Angela, and Kevin


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Answers : 1. a  ; 2. c  ; 3. c  ; 4. d  ; 5. b  ; 6. c  ; 7. b  ; 8. c  ; 9. c  ; 10. d

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