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The Basics of Taxes

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

Funds the Social Security and Medicare programs

a)

Income Tax

b)

Payroll Tax

c)

Sales Tax

d)

Property Tax

2.

The fee to license a car is this type of tax

a)

Income Tax

b)

Payroll Tax

c)

Property Tax

d)

Excise Tax

3.

A tax on earned and unearned income

a)

Income Tax

b)

Payroll Tax

c)

Payroll Tax

d)

Sales Tax

4.

A tax on airline tickets and gasoline

a)

Income Tax

b)

Excise Tax

c)

Sales Tax

d)

Property Tax

5.

This tax is determined by a set percentage of earned income.

a)

Excise Tax

b)

Sales Tax

c)

Payroll Tax

d)

Income Tax

6.

A tax on purchased goods and services.

a)

Sales Tax

b)

Excise Tax

c)

Property Tax

d)

Payroll Tax

7.

The specific amount paid for this tax depends on many factors but increases as income increases.

a)

Income Tax

b)

Payroll Tax

c)

Sales Tax

d)

Excise Tax

8.

Every person living in the United States pays so sort of taxes.

a)

True

b)

False

9.

Taxes only provide benefits to a select group of people living in the United States.

a)

True

b)

False

10.

People only pay taxes on the amount of money they make.

a)

True

b)

False

11.

The fee paid to license an automobile is a form of tax.

a)

True

b)

False

12.

Taxes are one of the largest expenses for many people.

a)

True

b)

False