Unit 3 Quiz Review

Match the definition to the vocabulary term.

• income tax

• tax collected on items or services purchased

• property tax

• tax collected on items owned such as land or home

• sales tax

• tax on money that you earn

Tags

CCSS.L.11-12.6

CCSS.L.8.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

Identify if the statement is true or false.

Property taxes typically support local governments.

• True

• False

Identify if the statement is true or false.

The main source of income for the federal government is income tax.

• True

• False

Identify if the statement is true or false.

The federal government collects property tax.

• True

• False

Identify if the statement is true or false.

All items purchased are subject to sales tax.

• True

• False

Match each scenario with the MOST appropriate filing status.

• single

• Micah is not married but has 2 children who live with him full time

• married

• John is not married and does not have any dependents

• head of household

• Jose is a widower who has 3 young children

• qualifying widow(er)

• Tanner and Gabriella are a married couple

What is this individual's marginal tax rate based on the picture and their income level?

Income: $150,200

• 10%

• 12%

• 24%

• 32%

What is this individual's marginal tax rate based on the picture and their income level?

Income: $32,850

• 10%

• 12%

• 24%

• 32%

What is this individual's marginal tax rate based on the picture and their income level?

Income: $7,950

• 10%

• 12%

• 24%

• 32%

What is this individual's marginal tax rate based on the picture and their income level?

Income: $210,000

• 10%

• 12%

• 24%

• 32%