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Taxes

Total questions: 35

Worksheet time: 20mins

Name
Class
Date
1.

Where does the largest share of federal tax revenue come from?

a)

Corporate taxes

b)

General sales taxes

c)

Individual income taxes

d)

Property taxes

2.

According to which principle, do low wage earners pay a smaller percentage of their income to taxes than wealthy taxpayers?

a)

Horizontal equity

b)

Pay-as-you-earn

c)

Tax deduction

d)

Vertical equity

3.

What is paid to discourage the purchase of goods that do not promote consumers’ health?

a)

Excise tax

b)

Luxury tax

c)

Sin tax

d)

User tax

4.

Which of the following has a purpose to make consumers pay the price of manufacturing and distribution of certain products?

a)

Excise tax

b)

Luxury tax

c)

Sin tax

d)

User tax

5.

A tax system with a constant marginal rate, usually applied to individual or corporate income.

a)

regressive

b)

progressive

c)

income

d)

flat

6.

A tax in which the tax rate increases as the taxable amount increases

a)

progressive

b)

regressive

c)

flat

d)

proportional

7.
A popular suggestion is to eliminate the income tax and replace it with a national sales tax, called the fair _____. The idea is that everyone pays their fair share based on what they spend rather than what they earn.
a)
play rule
b)
tax
c)
implementation 
d)
lady
8.
A _____________tax may at first appear to be a fair way of taxing citizens because everyone, regardless of income level, pays the same dollar amount. By taking a closer look, it is easy to see that such a tax causes lower-income people to pay a larger share of their income than wealthier people pay
a)
progressive
b)
income
c)
flat
d)
regressive
9.
A _________ tax, also referred to as a flat tax, impacts low-, middle- and high-income earners relatively equally. 
a)
regressive
b)
proportional
c)
income
10.
A _______tax system, or a ______ tax system, assesses the same tax rate to taxpayers regardless of income or wealth. It is meant to create equality between marginal tax rate and average tax rate paid. Under a proportional tax system, individual taxpayers pay a set percentage of their income regardless of total income earned.
a)
progressive, flat
b)
proportional, flat
c)
regressive, proportional 
11.
Under a ________ tax system, individuals and entities with low incomes pay a higher amount of that income in taxes compared to high-income earners. 
a)
Regressive
b)
Progressive
c)
Proportional
d)
Flat
12.
 Rather than implementing a tax liability based on the individual or entity's ability to pay, the government assesses tax as a percentage of the asset that the taxpayer purchases or owns.
a)
Regressive
b)
Proportional
c)
Flat
d)
Progressive
13.
There are generally three major ways that U.S. taxpayers pay taxes: ________ tax, progressive tax and proportional tax.
a)
income
b)
sales
c)
regressive
d)
estate
14.

Proportional taxes are taxes that stay the same regardless of a person's or business's income. For example, some sales taxes are considered proportional because a tax rate of 8% in a certain state would apply to all customers in that state and take the same fraction of their ________. 
a)
taxes
b)
income
c)
family
d)
friends
15.
_________ taxes also refer to uniform rates for everyone. These rates are considered _________ because low-income taxpayers are more affected by the rate than those with a higher incomes. This is because the tax takes a larger percentage of their incomes. Someone who earns $400 per week and pays 10% tax on groceries costing $200 would pay $20, or 5% of their income, in taxes. In the same scenario, a person earning $800 per week would only spend 2.5% in taxes.
a)
regressive, regressive
b)
progressive, progressive
c)
progressive, regressive
d)
regressive, progressive
16.
Federal Income tax is a _______tax
a)
proportional
b)
flat
c)
regressive
d)
progressive
17.
Sales tax is a ______ tax
a)
regressive
b)
progressive
18.
According to the document, which tax structure is in effect?
a)
Regressive
b)
Progressive
c)
Proportionate
19.
Which type of tax funds local schools?
a)
Income Tax
b)
Sales Tax
c)
Property Tax
d)
Excise Tax
20.
FICA, or payroll taxes, in which everyone pays 6.2% of their income on the first $118,500 they earn, is an example of a 
a)
proportional tax
b)
progressive tax
c)
regressive tax
d)
retrospective
21.

Which type of tax increases the tax rate as the taxpayer's income rises?

a)

Flat

b)

Regressive

c)

Progressive

d)

Proportional

22.

Property taxes are generally considered which type of tax?

a)

Progressive

b)

Proportional

c)

Flat

d)

Regressive

23.

Which tax is often used to fund public infrastructure such as roads and bridges?

a)

Excise tax

b)

User tax

c)

Property tax

d)

Sales tax

24.

Which type of tax is most likely to disproportionately affect those with lower incomes when purchasing everyday goods?

a)

Proportional

b)

Flat

c)

Regressive

d)

Progressive

25.

What kind of tax system charges the same percentage of income from all taxpayers, regardless of their earnings?

a)

Proportional

b)

Excise

c)

Progressive

d)

Regressive

26.

Which tax is commonly used to discourage consumption of products like tobacco and alcohol?

a)

Income tax

b)

Luxury tax

c)

Property tax

d)

Excise tax

27.

Which type of tax system is designed so that higher-income individuals pay a greater percentage of their income in taxes?

a)

Flat

b)

Progressive

c)

Proportional

d)

Regressive

28.

What is the main purpose of a luxury tax?

a)

To reduce income inequality

b)

To support healthcare

c)

To discourage consumption of non-essential goods

d)

To fund public schools

29.

Which tax is typically applied to goods and services at the point of sale and is considered regressive?

a)

Income tax

b)

Sales tax

c)

Property tax

d)

Excise tax

30.

Which type of tax is applied to the purchase of goods and services and is often considered regressive?

a)

Luxury tax

b)

Property tax

c)

Sales tax

d)

Income tax

31.

What is the main characteristic of a progressive tax system?

a)

The tax rate is constant for all income levels

b)

The tax rate increases as income increases

c)

The tax rate decreases as income increases

d)

Everyone pays the same dollar amount

32.

Which tax is typically used to fund local government services such as schools and emergency services?

a)

Excise tax

b)

Income tax

c)

Sales tax

d)

Property tax

33.

Which type of tax system is designed so that higher income earners pay a larger percentage of their income in taxes?

a)

Progressive

b)

Flat

c)

Proportional

d)

Regressive

34.

What is the main purpose of a sin tax?

a)

To reduce income inequality

b)

To fund education

c)

To discourage consumption of certain goods

d)

To increase government revenue

35.

Which of the following is an example of a proportional tax?

a)

Luxury tax

b)

Sales tax with a fixed percentage

c)

Federal income tax

d)

Sin tax

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