In this tax structure a single tax rate (percentage) is applied to all levels of income. Some states use this as structure for State Income tax, and our FICA taxes are collected in this way.

In this tax structure a single tax rate (percentage) is applied to all levels of income, however, a smaller percentage of income is used to cover the tax as your income increases. An example of this would be sales tax or even tolls for roads/bridges.

Coach Russo pays a tax each year of $3500 that is based off the value of his family's home. Which type of tax is he paying?

In the US, Taxes are levied (imposed & collected) by

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

When you purchase a new pair of sneakers valued at $150, but are required to pay $158.50 at the register because there is a tax on the item, which type of tax have you paid?

Which of the following refers to an excise tax that is meant to discourage the purchase of goods that do not promote consumers’ health?

Taking payments out of your pay before you receive it.

Which of the following is the single largest federal expenditure?

Elementary schools, police departments, and electrical service are typically paid for by

What are the four

characteristics of a “good tax?”

The income, property, good, or service that is subject to a tax is known as…

When looking at "discretionary spending" by our Federal Government, which category receives the most funding?

A tax on the sale or production of a domestic good is called a(n)…