WorksheetsCh. 5 Government Revenue/Taxes
Total questions: 27
Worksheet time: 54mins
What are the types of taxes a person might pay?
Check all that apply.
Sales tax
Natural tax
Income tax
Property tax
Birth tax
Which of these does not feel the burden of tax?
Owners (shareholders)
Employees
Consumers
Elderly
Which of these is NOT a source of income for LOCAL government?
Sale of Liquor
Property Tax
Utilities
FICA Tax
Identify two of the main taxes that are withheld out of a workers paycheck.
FICA tax
Individual Income Tax
Sales Tax
Property Tax
Who hurts the most from a REGRESSIVE tax?
People who have higher incomes
People who have no income
People with lower incomes
Which president reduced taxes in 2001?
(a)
Who was elected president in 1980 and lowered taxes in 1981?
George W. Bush
Franklin D. Roosevelt
Ronald Reagan
Richard Nixon
Which of these is a progressive tax?
airport tax
income tax
property tax
sales tax
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
Jennifer earns $400 per week and spends $200 on groceries. In the same scenario, Janice, who earns $800 per week, also spend $200 on groceries. Who pays more?
Jennifer
Janice
Star Lord
Yoda
the Federal Government earns most of its money from...
Corporate Tax
Social Security and Retirement
Individual Income Tax
Taxes are collected by
Businesses
Parents
Foreign countries
Government
IRS stands for
Internal Revenge Service
International Revenue System
Internal Revenue Service
Inspection Ravioli Sauce
A sales tax is off of any purchased good. Who regulates those taxes?
State
Federal
Other countries
Your employer
Federal Contribution Insurance Act (FICA) are withheld from your paycheck and sent to the government. These are used for (Two answers are to be selected)
Social Security
State
Medicare
Sale
Curtis purchased a new pair of jeans for $18. When Curtis pays for his jeans his total is almost $20 because of taxes. Which type of tax does Curtis pay?
Payroll Tax
Income Tax
Sales Tax
Property Tax
taxes levied on the sale of high-priced luxury goods, such as diamond jewelry and private jets
progressive tax
regressive tax
proportional tax
luxury taxes
Which of the following refers to an excise tax that is meant to discourage the purchase of goods that do not promote consumers’ health?
Exercise tax
Luxury tax
Sin tax
User tax
What is the purpose of Social Security?
to protect the safety of our nation's harbors
to provide a trained military
to help Americans pay the bills when they can no longer work
to provide low cost healthcare
Federal government program that supports health care for individuals over 65
Social Security
Salary
Medicare
Income Insurance
