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WorksheetsTaxes
Total questions: 10
Worksheet time: 7mins
Who primarily uses our tax money? (hint: choose 2 correct answers)
Your employer
The state government
The Federal government
Local Businesses
What types of taxes contribute to Federal tax revenue? ( hint: choose 4 correct answers :)
Corporate Income Tax
Income Tax
Estate Tax
Excise Tax
Where does the largest share of federal tax revenue come from?
Corporate taxes
General sales taxes
Individual income taxes
Property taxes
Which of the following do homeowners pay based on the value of the residence?
Corporate taxes
General sales taxes
Individual income taxes
Property taxes
What generally happens when incomes rise?
Business tax revenues increase.
Income tax revenues decrease.
Household expenditures remain unchanged.
Income tax revenues increase.
What best refers to an expense that a person uses to calculate a reduction in taxable income?
Horizontal equity
Pay-as-you-earn
Tax deduction
Vertical equity
What is paid to discourage the purchase of goods that do not promote consumers’ health?
Excise tax
Luxury tax
Sin tax
User tax
Takes a larger share of one's income as the amount of income grows is
Proportional Taxes
Progressive Taxes
Tax Evasion
Tax
Takes a smaller share of one's income as the amount of income grows is
Progressive Taxes
Revenue
Regressive Taxes
Evasion
A tax rate is applied to an income range, or
Progressive Taxes
Tax Bracket
Other Taxes
Tax Credit
