Roles of Government

Front

A fee levied by a government on a product, income or activity.

Back

Tax

Front

Where do governments get most of their revenue from? Options: Fines, Borrowing, Capital receipts, Tax

Back

Tax

Front

The money that households have available for spending and saving after income taxes have been accounted for.

Back

Disposable personal income

Front

Imposes a greater percentage of taxation on higher income levels

Back

Progressive Taxes

Front

Imposes a greater percentage of taxation on lower income levels

Back

Regressive Taxes

Front

What type of taxation is occurring here? Options: Progressive Taxes, Restrictional taxes, Regressive Taxes, Proportional Taxes

Back

Proportional Taxes

Front

Transfer of the tax burden by one on whom the tax is assessed to another

Back

Shifting