Ch. 5 Government Revenue/Taxes

What are the types of taxes a person might pay?

Check all that apply.

• Sales tax

• Natural tax

• Income tax

• Property tax

• Birth tax

Which of these does not feel the burden of tax?

• Owners (shareholders)

• Employees

• Consumers

• Elderly

Which of these is NOT a source of income for LOCAL government?

• Sale of Liquor

• Property Tax

• Utilities

• FICA Tax

Identify two of the main taxes that are withheld out of a workers paycheck.

• FICA tax

• Individual Income Tax

• Sales Tax

• Property Tax

Who hurts the most from a REGRESSIVE tax?

• People who have higher incomes

• People who have no income

• People with lower incomes

Which president reduced taxes in 2001?

(a)  

Who was elected president in 1980 and lowered taxes in 1981?

• 
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Which of these is a progressive tax?

• airport tax

• income tax

• property tax

• sales tax

Who primarily uses our tax money? (hint: choose 2 correct answers)

• Your employer

• The state government

• The Federal government

• Local Businesses

What types of taxes contribute to Federal tax revenue? ( hint: choose 4 correct answers :)

• Corporate Income Tax

• Income Tax

• Estate Tax

• Excise Tax