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Understanding the U.S. Tax System

Understanding the U.S. Tax System

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

What is the purpose of taxes?

Back

To fund government jobs and services

2.

FLASHCARD QUESTION

Front

What is gross pay?

Back

The amount before taxes are taken out.

3.

FLASHCARD QUESTION

Front

What is the purpose of social security tax?

Back

To help people when they retire

4.

FLASHCARD QUESTION

Front

What is the purpose of Medicare tax?

Back

To help people age 65 and over with medical care

5.

FLASHCARD QUESTION

Front

What is the purpose of state and federal unemployment taxes?

Back

To provide financial support for individuals who are unemployed

6.

FLASHCARD QUESTION

Front

What is income tax?

Back

A tax paid by individuals based on their income.

7.

FLASHCARD QUESTION

Front

What is property tax?

Back

A tax paid based on the value of owned property.

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