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Module 1 Review

Authored by Ms. PFL

Business

9th - 12th Grade

20 Questions

Used 39+ times

Module 1 Review
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As levels of education increase, wages and lifetime earnings tend to increase.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Are Sales Taxes direct or indirect?

Direct

Indirect

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the 3 tax types has the same tax rate for all income levels?

Progressive

Proportional

Regressive

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How much tax would you owe on $50,000 if the flat tax rate was 20%?

10,000

1,000

20,000

2,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is higher, your gross or net pay?

Gross Pay

Net Pay

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is income tax direct or indirect?

Direct Tax

Indirect Tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The US income tax is an example of which of the 3 types of taxes?

Progressive

Proportional

Regressive

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