PFL Unit 4 Test

What is the purpose of taxes?

• To raise revenue for the government

• To make government employees rich

• To punish consumers

• To convince people to buy more products

Which of the following is NOT a type of tax?

• Regressive

• Proportional

• Discretionary

• Progressive

In the United States, income tax is a progressive tax. This means:

• The higher the income, the lower percentage paid in taxes

• The higher the income, the higher percentage paid in taxes

• The lower the income, the higher percentage paid in taxes

• All people pay the same percentage of their income in taxes

What are property taxes usually spent on by local governments?

• Education, law enforcement, healthcare

• Military, federal employees, lawyers

• Grocery stores, restaurants, small businesses

• Churches and charities

What is being taxed by sales taxes?

• Property values

• Income

• Goods and services at the consumer level

• Capital gains

What is an excise tax?

• A tax on gyms and exercise classes

• A tax on highly specific goods and services

• A tax on churches

• A tax on public and private schools

When a person wishes to file for unemployment, where do they do this?

• State department of revenue

• State department of justice

• State department of agriculture

• State department of education

To be eligible for unemployment in the state of Georgia, all the following are requirements EXCEPT:

• Being officially in the labor force

• Losing your job through no fault of your own

• Actively searching for work

• Going to college to receive a new degree

Consumer protections often take the form of government ________ designed to protect the consumer.

• Regulations
• Income

• Taxes

• Expenses

Regulations associated with consumer protections are often burdensome for

• Individuals

• Consumers

• Students

• Businesses