Managing Taxes and Legal Documents

The gasoline tax is a/an _________ tax.

• payroll

• income

• excise

Gasoline tax funds are placed in the ___________ Trust fund.

• Defense

• Highway

• Medicare

A W-2 form is provided by an employer to its employees to help them file their annual taxes.

• True

• False

How will your family benefit if you purchase health insurance from a federal- or state-facilitated health insurance marketplace?

If you purchase health insurance from a federal- or state-facilitated health insurance marketplace, then you are eligible for a premium tax ___________.

• refund

• return

• credit

• deduction

Payroll taxes help fund National Parks and Social Security funds.

• True

• False

What level are payroll and Social Security taxes levied on consumers and businesses?

• Global level

• National Level

• National and Local level

What level are income taxes, property taxes and sales taxes levied on consumers and businesses?

• Global level

• National Level

• National and Local level

Bob borrows money from a bank to buy a property and retains the document until he has paid off the loan completely.

Match this situation with the contracts or documents that the individuals will sign.

• title

• will

• mortgage agreement

• passport

Joseph purchases a vehicle and retains the document until he sells the vehicle.

Match this situation with the contracts or documents that the individuals will sign.

• title

• will

• mortgage agreement

• passport

Libby shows this document to prove her identity while she travels abroad.

Match this situation with the contracts or documents that the individuals will sign.

• title

• will

• mortgage agreement

• passport