Taxes review

A synonym for national is ________.

Draw an image that contains these terms: federal, state, local

Federal income taxes in the U.S. are an example of a

• proportional tax.

• progressive tax.

• regressive tax.

Which of the following is a regressive tax?

• property tax

• income tax

• sales tax

Property taxes are an example of a

• proportional tax.

• progressive tax.

• regressive tax.

According to our federal tax system, people with higher incomes

• pay taxes at a higher rate.

• pay taxes at a lower rate.

The federal government's major source of income (revenue) is

• corporate income tax.

• sales tax.

• personal income tax.

What pays for local schools, park districts, and libraries?

• sales tax

• income tax

• property tax

How are taxes used?

• To influence behavior.

• To redistribute wealth.

• To stabilize the economy.

• All of the above.

Which of the following is an IMPACT of a regressive tax?

• Lower income groups are negatively impacted.

• Everyone is impacted the same.

• Lower income groups benefit.