Unit 10 Types of Taxes Practice

Front

A progressive tax is based on.......?

Back

on the ability to pay

Front

You typically pay this type of tax when you buy something at the store

Back

Sales Tax

Front

When you sale a piece of property like a house, or a stock or other investment you've held for a long time you will be charged this type of tax.

Back

Capital Gains

Front

When you die this type of tax may have be paid by the people who inherit your stuff.

Back

Estate Tax

Front

This type of tax is levied on real estate (like a home) or large value possessions (like a car).

Back

Property Tax

Front

What is the reason the amount of Jackson's paycheck was less than the wages he earned?

Back

Taxes were taken out of Jackson's paycheck.

Front

Mr. Kendall had a new garage built. Which yearly tax will increase based on the value of the garage?

Back

Property tax

Front

Drew bought a computer for $480. Which tax could he have paid on the purchase? Options: Payroll tax, Income tax, Sales tax, Property tax

Back

Sales tax

Front

Are roads, police, schools, governmental agencies, fire and emergency services funded by taxes?

Back

True

Front

What type of tax is Louis' dad paying based on the money he earns from his business?

Back

Income tax