
Economics: TAXES REVIEW
Authored by Dave Salvo
Specialty
11th - 12th Grade
CCSS covered
Used 8+ times

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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are Taxes?
A Sum of money that the Federal government pays its citizens for good behavior.
A Sum of Money that the State Mandates its Businesses pay in order to support the cleaning of their parking lot.
A Sum of Money that the Federal Government charges its citizens to clean up their messes.
A sum of money that the State or Federal Government mandates its citizens pay in order to support the government itself and all of its services.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Federal Income Tax?
A tax that supports the federal government, all its systems, highway construction and the military.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is State Income Tax?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Social Security tax rate?
6.15%
6.20%
6.45%
6.50%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the tax rate for Medicare?
1.65%
1.25%
1.45%
1.50%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This comes out of your paycheck and is applied to Social Security and Medicare?
FICA
Income Tax
Sales Tax
Excise Tax
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This tax is applied to things you already own like a house, land, and car?
FICA
Property Tax
Sales Tax
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