7th period Tax and Quiz

What is an index fund?

Which tax is it when everyone pays the same amount, but it takes a higher percentage or toll on those with lower income?

• Proportional Tax
• Regressive Tax
• Progressive Tax
• Sin Tax
• Luxury Tax

What is the biggest Stock Exchange in the United States?

• Nasdaq
• The New York Stock Exchange
• Chicago Stock Exchange
• Boston Stock Exchange
• The Dow

What is the difference between stocks and bonds?

• You get more money from stocks than bonds.
• Stocks cost less money than bonds.
• With stocks you own a small portion of a company, but with bonds you are loaning money to the government and they will pay you back with interest.
• With bonds you own a small portion of a company, but with stocks you are loaning money to the government and they will pay you back with interest.
• The DOW monitors stocks but the S&P 500 monitors bonds

why do we have taxes in our society

• taxes provide revenue
• so government can take our money
• to make people pay for their debts
• because its passed on religon
• because government needs money for military

Which of the following is NOT a type of tax?

• Proportional Tax
• Regressive Tax
• Repressive Tax
• Progressive Tax

Why was FICA created

• To take more tax money for the government
• To give more money to younger people
• A way to provide money for people in retirement

• To try to get people to work for longer
• To help tax brackets

Name the three functions of money

Which is NOT one of the six characterstics of money?

• Scarcity
• Divisibility
• Acceptability
• Liquidity
• Portability

A 401k is a