Taxes Review

Abigail, Scarlett, and Anika are playing a board game about the creation of America. They reached a point in the game where they had to pay taxes. What caused this situation in the game?

• They needed expansion requests from Mexico in the game

• They had high levels of unemployment in the game

• They were in debt because of the war in the game

• They wanted to represent England in the game

Aria, Sophia, and Samuel are learning about the US economy in their social studies class. They learned about a specific organization that collects taxes from people. Can you recall the name of this organization?

• Structural Employees

• The Internal Revenue Service

• The business cycle

• The military tribunal

Charlotte, Ethan, and Henry are studying economics. They are discussing the Natural Rate of Unemployment. They want to know which two types of unemployment represent this rate. Can you help them?

• Frictional + Structural

• Frictional + Cyclical

• Cyclical + Structural

• Seasonal + Structural

Abigail, Hannah, and Zoe are discussing the main economic goals of their country. They come up with three main goals. What are they?

• Supply, demand, & monopolies

• Promote engenuity, limit inflation, & keep goods and services

• Promote growth, limit unemployment, & keep prices stable

• Promote growth, increase unemployment, & keep prices stable

Ethan, Grace, and Kai are discussing how they contribute to the government's provision of public goods and services. What do they pay to the government for this?

• Unemployment

• Taxes

• Scarcity

• GDP

Aria, Elijah, and Arjun are working on a school project about the US government. They are trying to figure out who collects taxes in the US. Can you help them?

• The IRS

• Sanger High

• The federation of Hawaii

• Your guardian

Olivia, Elijah, and Priya are discussing about public goods. They listed some examples but Priya disagreed with one of them. All the following are examples of public goods they discussed except:

• Parks

• Police

• Private High School

• Bethel Ave

Aria, Priya, and Samuel are discussing their recent class on taxation. They are trying to recall the three main types of taxes that were discussed. Can you help them remember?

• Excise proportional and salary

• Excise salary and property

• proportional regressive and progressive

• Sales regressive and Excise

James, Noah, and Abigail are discussing the consequences of not paying taxes every year. James believes it can result in:

• Increasing frictional and cyclical unemployment

• A write up from the state official

• A large amount of fines and or prison time

• A small amount of fines and no prison time

Noah, Isla, and Jackson are discussing taxes. Noah says a proportional tax...

• takes a larger percent of income from high income groups (takes more from rich people).

• takes the same percent of income from all income groups.

• takes a larger percentage from low income groups (takes more from poor people).

• Public services include welfare programs, law enforcement, regulating the economy, and public education