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Types of Taxes

Authored by John McCarson

History, Social Studies

9th - 12th Grade

Used 21+ times

Types of Taxes
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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Many public schools are funded by property taxes. What is the inherent problem with this system?

Public schools can be funded better by other types of taxes

Schools in lower-income areas with lower property values will ultimately get less funding

Public schools should NOT be funded by taxes at all

The system for appraising property values is unfair and outdated

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following best explains how tariffs help the U.S. economy?

The protect U.S. businesses against unfair foreign competition

They are used to retaliate against foreign tariffs on U.S. goods

They were once the primary source of income for the federal government

They remind U.S. manufacturers to pay their workers fair wages

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is taxable income?

Are sales taxes on “luxury” items

Are taxes collected on most any product sold in a particular stat

Takes a larger percentage from higher-income groups and a lower percentage from lower-income groups

The amount of income left after all subtractions are made from total income

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is progressive tax?

Land, buildings, and other structures

If someone dies, that person’s heirs may have to pay taxes on property left behind

Takes a larger percentage from higher-income groups and a lower percentage from lower-income groups

Is based on the portion of the estate received by an individual

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When do we need to pay our taxes each year by?

May 15th

March 15th

April 15th

Taxation= Theft

Never?

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is Social Security Tax?

Are sales taxes on “luxury” items

Are taxes collected on most any product sold in a particular state

Tax or millage rate is an ad valorem tax on the value of a property, usually levied on real estate.

Money collected to provide income for retired and disabled Americans

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are Sales Taxes?

Are taxes collected on most any product sold in a particular state

Are federal taxes on the wealth a person leaves behind

Are sales taxes on “luxury” items

Takes a larger percentage of income from lower-income groups than high-income groups

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