PFL # 2a State & Federal Income Taxes

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People pay taxes for many reasons. Which of the following is NOT one of those reasons? fear of IRS penalties and imprisonment, moral reasons, civic duty

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controlling how their tax dollars are spent

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If you knowingly underpay your taxes, the IRS can impose all of the following EXCEPT: forcing your children to pay your tax burden, bringing charges ending in imprisonment, assessing a penalty, collecting the taxes

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forcing your children to pay your tax burden

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Federal and state income tax returns are due every year on

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April 15

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The primary purpose of taxes is to

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provide services that improve our quality of life

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The division of the United States Treasury that is charged with the responsibility of maintaining confidence in and managing the federal tax system is called the

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Internal Revenue Service

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If you make an honest, accidental mistake when filing your taxes, you

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may have a fine or penalty for the mistake

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Which of the following statements is TRUE? Options: Many people are able to cheat the government and avoid paying taxes by using phony deductions or failing to report their income appropriately., Taxes paid provide services that impact only quality of life in the United States, not the standard of living., Everyone who receives a paycheck is required to submit a tax return to the IRS by April 15., Individuals do not have to pay taxes if they believe it is a violation of their religious beliefs.

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Everyone who receives a paycheck is required to submit a tax return to the IRS by April 15.

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Which of the following is an example of public goods or services paid for by taxes? Churches, Roads and highways, Restaurants, Shopping malls

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Roads and highways

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A “free rider” is defined as a

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person who benefits from services without paying for them

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A tax paid on certain goods and services at the point in time they are purchased is

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a sales tax