Economics: TAXES REVIEW

Economics: TAXES REVIEW

11th - 12th Grade

28 Qs

quiz-placeholder

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Economics: TAXES REVIEW

Economics: TAXES REVIEW

Assessment

Quiz

Specialty

11th - 12th Grade

Medium

CCSS
6.RP.A.3B

Standards-aligned

Created by

Dave Salvo

Used 8+ times

FREE Resource

28 questions

Show all answers

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?
Funds the Disney Corporation with money it needs to operate. 
Money that supports the Executive, Legislative, and Prejudicial branch of the government.
A tax that supports the air traffic navy platoon system, the national board of realtors as well as the web of excessive disproportionate growth. 

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?
Taxes Paid by the Federal Government
Taxes Mandated by the Federal Government
Taxes Mandated by the State Government to pay for the Legal System in the United States
The Taxes that pay for Schools, Libraries, and Police Departments

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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