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Taxes/Cost Benefit Analysis

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

The national government gets most of its money from...

a)

sales tax

b)

property tax

c)

income tax

d)

school tax

2.

True of false, there are state AND federal taxes.

a)

False

b)

True

3.

What is NOT a service provided by the government using tax money?

a)

Sports

b)

Military

c)

Public Schools

d)

Parks

4.

Every state has the same sales tax rate/percentage.

a)

True

b)

False

5.

What is a cost-benefit analysis?

a)

The taxes that people pay when they buy something.

b)

A process that allows businesses and individuals to analyze where to spend money.

c)

The amount of money required to have or do something

6.

What are consequences?

a)

something that is possible but is not yet real

b)

money charged to do something for a service

c)

task that demands time and effort to complete

d)

the results (positive or negative) of an action or decision

7.

Unemployment benefits, Social Security, and Disability are all examples of services that are paid for by...

a)

Projects

b)

Taxes

c)

Services

d)

Consumers

8.

What is something you would pay a sales tax on?

a)

a new video game

b)

seeing a doctor

c)

going to school

d)

calling 911

9.

When conducting a cost-benefit analysis, people analyze where to spend their money to see what will give them the most...

a)

Answers

b)

Taxes

c)

Benefits

d)

Consequences

10.

National Parks are preserved with the help of...

a)

Animals

b)

Taxes

c)

Roads

d)

Schools