Tax practice questions

About this practice suite

This suite prepares candidates for tax selection in the finance, accounting, banking, and insurance sector with 5 skill areas: numerical reasoning, situational judgment, critical thinking, attention and concentration and technical reasoning. Every question was written by Novus editors for this suite (none are taken from live or leaked exams), and the full bank holds 52 scored questions across three modes, plus 8 reserve questions used to vary repeat attempts. Answer keys never ship to the browser: your answers are scored server-side, and results stay on your device.

Skills this suite practises

• Numerical reasoning: Arithmetic, fractions, percentages, ratios, rates, estimation, word problems, and number relationships.
• Situational judgment: Evaluating workplace responses against role-relevant principles.
• Critical thinking: Evaluating evidence, assumptions, arguments, credibility, and alternative explanations.
• Attention and concentration: Sustained focus, selective attention, and accuracy under time pressure.
• Technical reasoning: Applied technical principles, diagrams, tools, systems, measurements, and troubleshooting.

Sample questions from the guided bank

Two of the 10 guided-practice questions, shown exactly as they appear in a session. Answers and explanations are not printed here, because keys stay on the server. Open guided practice to answer them and see how you did.

1. Educationally, a tax deduction reduces:

   • A. Tax due dollar-for-dollar the same as a credit always
   • B. Only payroll withholding forms
   • C. Taxable income before computing tax
   • D. The filing deadline

2. A client asks you to invent charitable donations without receipts. Best response?

   • A. Refuse; only support positions with adequate records and lawful bases
   • B. Agree if the amount is small
   • C. Move the amount to wages
   • D. Backdate bank statements

Practice modes and timing

Guided practice is untimed-feeling and instructional; the mini-test is a short timed check; the full simulation mirrors a complete sitting. All three draw on separate question sets, so moving up a mode never repeats what you practised.

Study outline

Read the study outline for this suite’s skills, timings, and recommended lessons on one printable page, or take the full study guide away as a PDF, a spreadsheet, plain text, or HTML. Each download contains every skill’s complete lesson, not a list of links.

• Download full study guide (HTML) Opens in any browser, works offline.
• Download full study guide (PDF) Paginated, print-ready, opens anywhere.
• Download full study guide (CSV (spreadsheet)) Opens in a spreadsheet, one row per item.
• Download full study guide (Plain text) Plain text for notes apps and screen readers.