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WorksheetsTopic 8 - Taxes and Spending
Total questions: 35
Worksheet time: 18mins
a tax based on a company's profits
budget
corporate income tax
tax base
withholding
tax based on a person's earnings
individual income tax
tax
personal exemption
entitlement
a tax for which the percentage of income paid in taxes increases as income increases
taxable income
real property
burden
progressive tax
a tax based on real estate and other property
tax base
property tax
provision
welfare
a tax for which the percentage of income paid in taxes remains the same as income increases
installment
proportional tax
provision
gift tax
a tax for which the percentage of income paid in taxes decreases as income decreases
tax credit
real property
regressive tax
tax exempt
a tax based on goods or services that are sold
sales tax
taxable income
balanced budget
heir
a required payment to a local, state, or national government
denounce
tax return
tax assessor
tax
the income, property, good or service that is subject to a tax
tax base
sales tax
provision
corporate income tax
a tax on the total value of the money and property of a person who has died
tax deduction
tax incentive
balanced budget
estate tax
a tax on the money or property that a living person gives to another
tax base
gift tax
progressive tax
heir
a set amount that tax payers may subtract from their gross income for themselves, their spouses, and any dependents
tax assessor
personal exemption
tax return
tax credit
the earnings on which tax must be paid; total income minus exemptions and deductions
real property
installment
taxable income
deduction
a variable amount that taxpayers may subtract from the total amount of their income tax
income tax
tax credit
tax base
entitlement
a variable amount that taxpayers may subtract from their gross income
tax deduction
corrections
provision
expenditure
the use of taxation to encourage or discourage certain types of behavior
progressive tax
tax incentive
sales tax
budget
a form used to file income taxes
discretionary spending
mandatory spending
welfare
tax return
taking tax payments out of an employee's pay before he or she receives it
dilemma
denounce
withholding
real property
spending about which Congress is free to make choices
welfare
discretionary spending
heir
installment
social welfare program that people are "entitle to" benefit from if they meet certain eligibility requirements
entitlement
burden
welfare
tax exempt
spending that Congress is required by existing law to do
provision
mandatory spending
corrections
withholding
a budget in which revenue and spending are equal
entitelement
tax
property tax
balanced budget
an estimate of future revenue and expenses
budget
installment
estate tax
taxable income
land and any permanent structures on the land to which a person has legal title
property tax
real property
sales tax
tax base
an official who determines the value of property
personal exemption
denounce
progressive tax
tax assessor
not subject to taxes
tax exempt
regressive tax
personal exemption
tax deduction
something that is carried or borne
provision
dilemma
burden
corrections
a requirement established by law
tax
provision
budget
individual income tax
the good fortune or well being of a person or group
tax return
estate tax
tax incentive
welfare
a person who is entitled to inherit the estate of someone
heir
withholding
mandatory spending
entitlement
one in a series of something
corrections
provision
balanced budget
installment
to criticize
denounce
budget
tax base
mandatory spending
a situation with unsatisfactory, but necessary, choices
tax incentive
dilemma
gift tax
individual income tax
having to do with the treatment or rehabilitation of criminals
provisions
denounce
corrections
expenditure
an amount spent
progressive tax
witthholding
expenditure
tax return
