Taxes

Taxes

12th Grade

10 Qs

quiz-placeholder

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Taxes

Taxes

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Aaron Gomez

Used 13+ times

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10 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

Who primarily uses our tax money? (hint: choose 2 correct answers)

Your employer

The state government

The Federal government

Local Businesses

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

What types of taxes contribute to Federal tax revenue? ( hint: choose 4 correct answers :)

Corporate Income Tax

Income Tax

Estate Tax

Excise Tax

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where does the largest share of federal tax revenue come from?

Corporate taxes

General sales taxes

Individual income taxes

Property taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following do homeowners pay based on the value of the residence?

Corporate taxes

General sales taxes

Individual income taxes

Property taxes

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What generally happens when incomes rise?

Business tax revenues increase.

Income tax revenues decrease.

Household expenditures remain unchanged.

Income tax revenues increase.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What best refers to an expense that a person uses to calculate a reduction in taxable income?

Horizontal equity

Pay-as-you-earn

Tax deduction

Vertical equity

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is paid to discourage the purchase of goods that do not promote consumers’ health?

Excise tax

Luxury tax

Sin tax

User tax

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