WorksheetsPractical Math Ch. 5 Quiz
Total questions: 10
Worksheet time: 29mins
A tax that is the same "percentage" for everyone is called a _________ ?
flat tax
progressive tax
proportional tax
regressive
A tax that has been "adjusted for income" so those who make more pay "more" is a _________ ?
flat tax
progressive tax
proportional tax
regressive
A tax that has been "adjusted for income" so those who make more pay "less" is a _________ ?
flat tax
progressive tax
proportional tax
regressive
Which type of tax do Americans pay on their income?
flat tax
progressive tax
proportional tax
regressive
Sven Gross income is $ 28,750 a year. His state collects a flat tax of 3.5%. Calculate the state Income tax he owes for the year.
$1093.75
$1006.25
$87.50
$8928.57
1. Ravi gross income is $63,900 a year. Calculate his graduated state income tax using the table.
$1,322
$3,305
$63,900
$3,025
June earns a gross income of 77,300 a year. Use the graduated table to calculate his federal income tax withholdings.
$17,006
$2,684
$12,945.50
$7,844.43
Find the tax due.
Assessed Value: $37,000
Tax Rate: 3.5%
$1,295
$129,500
$12.95
$12,950
Find the tax due.
Assessed Value: $89,000
Tax Rate: 87.45 mills
$7,783.05
$77,830.50
$77.83
$7,787.50
An amount that you can subtract from the total amount of your income tax.
personal exemptions
tax deduction
tax credit
sales tax
