Government 2.10 Module Exam

Compared to earning a four-year degree, a technical certification allows you to

• increase lifetime earning potential

• increase opportunities for advancement

• have unlimited career choices

• start earning sooner

Compared to attending a technical school, completing a four-year college degree allows you to

• earn more over a lifetime

• enter the workforce sooner

• lower the costs of education

• select from fewer career options

Compared to attending a technical school, completing a four-year college degree allows you to

• enjoy lower educational costs

• enter the workforce sooner

• avoid student loans

• select from a wide range of careers

Sandra earns $22,000 per year. Her earnings put her in the 20% tax rate. What is her tax owed?

• $3,300

• $15,000

• $4,400

• $22,000

Austin earns $18,000 per year. His earnings put him in the 15% tax rate. What is his tax owed?

• $2,700

• $15,300

• $18,700

• $22,000

Julia earns $8,000 per year at her college work-study job. Her earnings put her in the 10% tax rate. What is her tax owed?

• $0

• $80

• $800

• $7,200

Which tax uses the same rate for all income levels?

• Corporate

• Proportional

• Progressive

• Regressive

Which tax is paid to a third party?

• Direct

• Flat

• Income

• Indirect

To what does tax progressivity refer?

• The amount of tax money spent on technology advancements

• The connection between income tax rate and spending

• The relation of tax rate to income

• The use of taxes for social programs

Your friend's job pays $10 per hour, and he works 40 hours per week. His tax rate is 20 percent. Assuming he works 50 weeks of the year, his yearly gross income is

• $4,000

• $16,000

• $20,000

• $40,000