PFLE Unit 5 test review

Front

Which of the following is an example of a progressive tax in the United States? Federal Income Tax, Sales Tax, FICA, Property Tax.

Back

Federal Income Tax.

Front

A regressive tax is a tax that

Back

Decreases in percentage when income increases.

Front

Which organization receives the most amount of money from our property tax? Options: The US Military, The City of Plano, Plano ISD, Plano Police Department

Back

Plano ISD

Front

What is the primary purpose of the federal income tax?

Back

To provide revenue for federal operations and public services

Front

Which document is required to verify an employee's eligibility to work in the United States? Options: W2, W4, 1099, I9

Back

I9

Front

How are public schools in Texas primarily funded?

Back

Property taxes

Front

Which tax is typically considered regressive? Options: Federal income tax, Medicare tax, Sales tax, State income tax

Back

Sales tax

Front

What is the purpose of a W2 form?

Back

To report employee's annual wages and taxes withheld

Front

How does an expansionary fiscal policy affect unemployment?

Back

Reduces unemployment

Front

Which of the following taxes is used to fund healthcare for the elderly in the United States?
Social Security tax, Property tax, Medicare tax, Excise tax

Back

Medicare tax