Good Investments
that are Right for You

Quiz: Tax Facts

Busines using a computer to complete Individual income tax return form online for tax payment. Government, state taxes. Data analysis, paperwork, financial research, report. Calculation tax return.

American icons! Baseball, hot dogs, apple pie, and: …taxes? Filing taxes is an annual practice for most American households, but you’d be hard-pressed to find too many who enjoy it the way they do apple pie.

The Internal Revenue Service (IRS) expects more than 168 million individual tax returns to be filed this year. And when you have that many people doing the same thing at roughly the same time, the numbers can get pretty staggering.1

For example, 15,000 IRS customer service reps are expected to field roughly 282 million phone calls. Put another way, the IRS has one person for every 16,000 calls.2

“Is it right to pay taxes to Caesar or not? … Give to Caesar what is Caesar’s, and to God what is God’s.” Matthew 22:17, 21

So, here’s a lighthearted quiz to help everyone navigate another tax season.

Tax Facts Quiz

1 / 5

  1. The wedding industry is a powerful force in the U.S. economy. Every year, approximately how much is spent on wedding and ceremony-related expenses?3

2 / 5

The average wedding size in 2022 was 117 guests. To put that in perspective, 14% of couples invited between 1–50 guests, 35% had 51–100 people in attendance, and 52% invited 101+ guests to the big day. Which region of the country has the highest number of wedding guests on the list?4

3 / 5

Brides have said that during the wedding planning phase, their highest priority was their attire. One week after the event, they say they wish they spent more time on what?5

4 / 5

Traditionally, the bride’s family was responsible for paying for the wedding in the U.S. However, this trend has changed over time. In 2022, the bride’s family paid for the wedding what percentage of the time?6

5 / 5

Most recent statistics show that 99% of couples who choose a traditional wedding take a honeymoon. How long is the average honeymoon—and how much is spent on it?7

Your score is

The average score is 48%

0%

Answer Key

1. A

2. C

3. B

4. A

5. D

4—5 Correct: Congratulations. You know a lot about taxes!

2—3 Correct: Good job. You seem to have a good understanding of the history of taxes.

0—1 Correct: That’s OK. Nobody ever said you have to like taxes

  1. PewResearch.org, April 18, 2023
  2. TaxPayerAdvocate.IRS.gov, February 6, 2023
  3. WoltersKluwer.com, 2024
  4. IrisReading.com, 2024

  5. Nolo.com, 2024
  6. WSJ.com, September 13, 2022. Keep in mind that any federal taxes owed are due on April 15. An extension only applies to the actual filing. Penalties may apply to unpaid taxes, with some exceptions.

  7. TeachingHistory.org, 2024

  8. MinneapolisFed.org, 2024
  9. NationalWW2Museaum.org, 2024

Other Recent Articles

The Cycle of Money: An Inside Look at a $20 Bill

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.

Aligning Your Portfolio with Your Faith

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.

Setting Goals for 2025

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.

Other Articles Related to: ,

Aligning Your Portfolio with Your Faith

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.

Setting Goals for 2025

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.

The SECURE 2.0 Act and Small Businesses

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.