Taxes

a tax in which the tax rate increases as the taxable amount increases

• progressive
• regressive
• flat
• proportional

a tax system with a constant marginal rate, usually applied to individual or corporate income. 

• regressive
• progressive
• income
• flat

A _____________tax may at first appear to be a fair way of taxing citizens because everyone, regardless of income level, pays the same dollar amount. By taking a closer look, it is easy to see that such a tax causes lower-income people to pay a larger share of their income than wealthier people pay

• progressive
• income
• flat
• regressive

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

• regressive
• proportional
• income

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

 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

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

Sales tax is a ______ tax

• regressive
• progressive

The amount withheld by an employer from an employee's earnings. Typically includes income taxes, FICA taxes, Group Insurance, Pension Contributions, etc.

• Excise Tax
• Payroll Deductions
• Indirect Tax
• Proportional Tax

Which of the following would be an event that would make a worker qualified for workers' compensation benefits?

• When an accountant is going home from her job and sustains a car accident.

• When a teacher is at his school, and he spills hot coffee over himself while grading an exam.

• When a driver isn't at work but suffers a car accident while driving the company's car.

• When a researcher gets hurt while performing an experiment at work because the equipment is out-of-date.