Taxation

Front

What are taxes?

Back

the amount of money citizens and businesses are required to pay so the government can function and provide services.

Front

All of the following are government services EXCEPT: Food Inspectors, FBI, Public schools, Farms

Back

Farms

Front

Who is the biggest employer in the nation?

Back

The Federal Government

Front

Sales tax is the tax you pay when you buy something.

Back

when you buy something.

Front

Sales tax on an item may include all of the following EXCEPT: city sales tax, county sales tax, state sales tax, household sales tax

Back

household sales tax

Front

Not everything is taxed at the same rate. In many states, ___________ are exempt from sales tax.

Back

Groceries

Front

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

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

Front

Income tax is the tax you pay on money you receive from all of the following sources EXCEPT: your job, rent from tenants, gifts you receive from your friends and relatives, earnings on investments like stocks.

Back

gifts you receive from your friends and relatives

Front

Business and people pay income taxes. Both are

Back

progressive taxes

Front

This tax helps fund the basic retirement program run by the federal government.

Back

Social Security Tax