Standard 2: Taxes

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

• Congress.

• Internal Revenue Service.

• President.

• Department of Justice.

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CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Although people in the United States are required to pay taxes, our tax system depends on a principle called

• moral virtue.

• ethics.

• voluntary compliance.

• civic duty.

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

• can be tried in court and fined.

• will never have any fine or penalty for the mistake.

• may have a fine or penalty for the mistake.

• may be tried in court, and, if found guilty, jailed.

While many Americans complain about taxes, most people in the United States

• fail to pay their personal income taxes each year.

• pay a lot of money to figure out ways to get out of paying taxes.

• cheat on their income taxes, leaving others to pay more than their share of taxes each year.

• believe it is their civic duty to pay their taxes and be honest with the government.

Which of the following statements is TRUE?

• Individuals do not have to pay taxes if they believe it is a violation of their religious beliefs.

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

• Taxes paid provide services that impact only quality of life in the United States, not the standard of living.

• Many people are able to cheat the government and avoid paying taxes by using phony deductions or failing to report their income appropriately.

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CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

Which of the following is an example of public goods or services paid for by taxes?

• Shopping Malls

• Resturaunts

• Churches

• Roads and Highways

If people in Group A are taxed MORE than people in Group B, it may

• increase Group A’s incentive to earn more money.

• increase the Group B’s incentive to earn more money.

• have no effect on either group’s incentive to earn more money.

• decrease Group A’s incentive to earn more money.

A “free rider” is defined as a

• person who sneaks onto trains without paying taxes.

• person who benefits from services without paying for them.

• person who pays extra tax so someone else does not have to pay.

• voucher that poor people receive to help them with transportation costs.

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CCSS.RI.11-12.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.8.4

CCSS.RL.9-10.4

Which of the following taxes is regressive?

• sales tax

• Federal income tax

• Oklahoma state income tax

• a tax where the amount paid depends on income

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

• a progressive tax.

• a sales tax.

• an income tax.

• a fair tax.

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5