Economic Review P3, A

Which taxt system supports the higher income the more you pay in taxes

• Sale Tax

• Proportional Tax

• Progressive Tax

• Regressive Tax

Which tax system uses the lower the income the less you pay in taxes?

• Proportional

• Progressive

• Regressive

• Sales Tax

What type of Employment is it when left one job and are looking

to find another, likely to find another job within a short period,

trying to find the best opportunity after graduating

from high school or college

• Structural

• Cyclical

• Frictional

• Underemployment

Which tax system has the same tax rate for every taxpayer

and tax rate remains constant as taxable

• Progressive

• Proportional

• Regressive

• Sales Tax

What is a tax that a person pays on his/her income?

• Income Tax

• Sales Tax

• Excise Tax

• Progressive

What is a tax that imposed by the government

at the point of sales on retail goods and services

that is collected by the retailer at the point of sale?

• Income tax

• progressive

• Excise tax

  (ie. sales tax, sin tax, luxury tax)

• regressive tax

Who pays Social Security taxes?

• Income tax

• Employer & employees ( income tax

• Sales Tax

• Excise Tax

What is Medicare?

• healthcare insurance for the elderly and disabled

• Sales tax

• health insurance animals

• health care insurance for the poor

What is Medicaid?

• Excise Tax

• Healthcare insurance for the poor

• Healthcare insurance for the elderly and disabled?

• Progressive

What type of tax takes a larger percentage from the income of higher income people than it does lower income individuals

• Excise Tax

• Income Tax

• Sales Tax

• Progressive Tax