Federal, State, & Local Taxes
Authored by Stacy Reitenbach
Other
KG - University
Used 18+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main source of federal government revenue?
individual income tax
sales tax
corporate income tax
Social Security
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
With-holdings from your paycheck that go into the federal government program that provides health insurance for people 65 and older
401k
Social Security
Medicare
Medicaid
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
With-holdings from paychecks that go to provide income support for people who are unemployed, disabled, or over age 65
401k
Social Security
Medicare
Medicaid
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of tax comes directly out of your paycheck?
Property Tax
Sales Tax
Income Tax
Ad Valorem Tax
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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%. This tax is
Proportional
Progressive
Regressive
I have no idea.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
Proportional
Progressive
Regressive
I have no idea.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The federal income tax is
Proportional
Progressive
Regressive
??????
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