Government’s Role in Business - Government’s Role as Tax Col

Which of the following is NOT considered a personal income tax?

• Federal Individual Income Tax

• State Individual Income Tax

• Social Security Tax (FICA)

• National Individual Security Tax

Corporate income taxes are NOT imposed by which of the following?

• State governments

• Local governments

• Foreign governments

• Universal governments

Which of the following is an example of an item with excise tax?

• Gasoline

• Clothing

• Produce

• Processed snack foods

Sales taxes are added to the price of goods and services at the time of purchase.

• True

• Flase

Which of the following is the term for a special tax placed on foreign goods sold in the United States?

• Tea tax

• Tariffs

• Excise tax

• Customs