Taxation Flashcard

Front

What is the primary purpose of taxes as described in the text? Choose the best answer for each question.

Back

To fund government services and functions

Front

Which of the following is NOT a service provided by the government? Maintaining parks, Inspecting food production facilities, Running private businesses, Educating citizens

Back

Running private businesses

Front

If a state imposes a sales tax on groceries, what might be a reason for this?

Back

To fund special programs like education

Front

What is the main function of Social Security tax?

Back

To provide retirement benefits and support for the disabled

Front

According to the text, what is a common characteristic of sales tax across different locations?

Back

It can vary based on local and state regulations

Front

An excise tax is often called a "hidden" tax because

Back

sellers usually include the amount of the tax in the price of the item.