Taxes and Their Purposes

Taxes and Their Purposes

Assessment

Interactive Video

Business

6th - 8th Grade

Easy

Created by

Alyssa Weber

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are taxes?

Voluntary contributions to charity

Mandatory fees paid to the government

Payments for private services

Donations to political campaigns

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary purpose of taxes for the government?

To fund private businesses

To provide personal loans to citizens

To fund projects that benefit the community

To pay for individual vacations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT mentioned as a main type of tax?

Income Tax

Capital Gains Tax

Inheritance Tax

Sales Tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is generally required to pay taxes?

Only individuals

Only companies

Both individuals and companies

Only government employees

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On what are individuals and companies required to pay taxes?

Their hobbies and interests

Their income, profit, sales, and property holdings above a certain threshold

Their social media activity

Their daily expenses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if an individual or company attempts to skip paying their taxes?

They receive a reward

They face a penalty

Their taxes are waived

They are given more time to pay

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which level of government typically receives property tax?

Federal government

State government

Local government

International organizations

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