Federal Taxes #1

Front

With-holdings from your paycheck that go into the federal government program that provides health insurance for people 65 and older

Back

Medicare

Front

With-holdings from paychecks that go to provide income support for people who are unemployed, disabled, or over age 65

Back

Social Security

Front

Which type of tax comes directly out of your paycheck? Options: Property Tax, Sales Tax, Income Tax, Ad Valorem Tax

Back

Income Tax

Front

This tax is: Bruce makes $100,000 per year.
Steve makes $50,000 per year.
Tony makes $30,000 per year.  
Bruce pays 30% in taxes, Steve pays 20%, and Tony pays 10%.  

Back

Progressive

Front

Bruce makes $100,000 per year.
Steve makes $50,000 per year.
Tony makes $30,000 per year. 
Bruce, Steve, and Tony all pay 15% of their income in taxes.  This tax is

Back

Proportional

Front

The federal income tax is

Back

Progressive

Front

Which of the following are deducted directly from your paycheck? Federal Income Tax, Social Security Tax, Medicare Tax, All of the above

Back

All of the above

Front

Sales taxes are

Back

Regressive

Front

Which of the following is a typical tax paid by people in the United States? Sales Tax, Property Tax, Income Tax, All of the above

Back

All of the above

Front

The government agency in charge of collecting tax.

Back

IRS