
Personal Finance
Authored by Chris Aycock
Social Studies
12th Grade
CCSS covered
Used 45+ times

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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a tax in which the tax rate increases as the taxable amount increases
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A _____________tax may at first appear to be a fair way of taxing citizens because everyone, regardless of income level, pays the same dollar amount. By taking a closer look, it is easy to see that such a tax causes lower-income people to pay a larger share of their income than wealthier people pay
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A _________ tax, also referred to as a flat tax, impacts low-, middle- and high-income earners relatively equally.
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A _______tax system, or a ______ tax system, assesses the same tax rate to taxpayers regardless of income or wealth. It is meant to create equality between marginal tax rate and average tax rate paid. Under a proportional tax system, individual taxpayers pay a set percentage of their income regardless of total income earned.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under a ________ tax system, individuals and entities with low incomes pay a higher amount of that income in taxes compared to high-income earners.
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Proportional taxes are taxes that stay the same regardless of a person's or business's income. For example, some sales taxes are considered proportional because a tax rate of 8% in a certain state would apply to all customers in that state and take the same fraction of their ________.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jennifer earns $400 per week and pays 10% tax on groceries costing $200 would pay $20, or 5% of their income, in taxes. In the same scenario, Janice, earning $800 per week would only spend 2.5% in taxes. Who pays more?
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