Taxes

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Louis's dad pays a tax to the federal government each year based off the money he earns from his business. What type of tax is Louis' dad paying?

• Payroll Tax

• Property tax

• Sales Tax

• Income Tax

What are progressive Tax

• takes a larger percentage of income from high-income groups

• A food voucher

• Someone that pays taxes for property

• Money that is spent towards funding the military

Your parents pay $3500 in taxes each year based off of the value of your home. Which type of tax is this?

• Payroll tax

• Sales tax

• Income tax

• Property tax

Which type of tax takes a higher percentage of income from poorer people than from wealthier people?

• progressive tax takes a larger percentage of income from high-income groups

• the growing number of workers who do not have taxes withheld from their paychecks

• Regressive

• Flat

   The portion of the budget about which lawmakers today make year-to-year spending decisions is approximately

• one half of the budget.

• one third of the budget.

• all of the budget.

• two thirds of the budget.

Also known as your take home pay.

• Salary

• Gross pay

• Net pay

• Withholdings

 

    What is the largest spending category in state budgets nationwide?

• public education

• highway construction

• government administration

• state police

These taxes come out of a person's paycheck and is meant to help people once they retire.

• 401k

• Unemployment taxes

• Payroll deductions

• Social security tax

    Which of the following entitlement programs is run by both the federal and state governments?

•    Military

•     public education

• Medicare

• A.    government administration