taxes

Federal Income tax is a _______tax

• proportional
• flat
• regressive
• progressive

Sales tax is a ______ tax

• regressive
• progressive

Tags

CCSS.6.EE.A.2A

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?

• Jennifer
• Janice
• Mrs. Marsh
• Yoda

_________ taxes also refer to uniform rates for everyone. These rates are considered _________ because low-income taxpayers are more affected by the rate than those with a higher incomes. This is because the tax takes a larger percentage of their incomes. Someone who 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, a person earning $800 per week would only spend 2.5% in taxes.

• regressive, regressive
• progressive, progressive
• progressive, regressive
• regressive, progressive

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

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 ________. 

• taxes
• income
• family
• friends

Tags

CCSS.7.RP.A.2A

There are generally three major ways that U.S. taxpayers pay taxes: ________ tax, progressive tax and proportional tax.

• income
• sales
• regressive
• estate

 Rather than implementing a tax liability based on the individual or entity's ability to pay, the government assesses tax as a percentage of the asset that the taxpayer purchases or owns.

• Regressive
• Proportional
• Flat
• Progressive

Under a ________ tax system, individuals and entities with low incomes pay a higher amount of that income in taxes compared to high-income earners. 

• Regressive
• Progressive
• Proportional
• Flat

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

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.

• progressive, flat
• proportional, flat
• regressive, proportional 

Tags

CCSS.8.F.A.3

A _________ tax, also referred to as a flat tax, impacts low-, middle- and high-income earners relatively equally. 

• regressive
• proportional
• income

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5