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Worksheets

WDMMG? PHS EPF

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

The day that US workers have earned enough to pay their entire tax bill for the year is known as __

a)

April 15th

b)

Tax Freedom Day

c)

Tax Birthday

d)

Tax Celebration Day

2.

In the year the video was made, when was Tax Freedom Day?

a)

February 17

b)

April 1

c)

April 24

d)

July 4

3.

Which of the following is NOT an example of a state or local tax?

a)

gasoline tax

b)

Medicare tax

c)

hotel tax

d)

Sales tax

4.

The tax on _____ began in the Middle Ages and wasn't repealed until 1853 in Britain.

a)

soap

b)

stamps

c)

income

d)

inheritance

5.

Which of the following is an example of a flat tax?

a)

federal income tax

b)

sales tax

c)

soft drink tax

d)

both - sales and soft drink

6.

The Value Added Tax is common in _____.

a)

Alabama

b)

Europe

c)

New England

d)

Alaska & Hawaii

7.

One way or the other, taxes are paid by _____.

a)

individuals

b)

the government

c)

only the rich people

d)

companies

8.

Who said, "Taxes are what we pay for a civilized society"?

a)

Oliver Wendell Holmes

b)

Joseph L. Lewis

c)

Julius Caesar

d)

Abraham Lincoln

9.

When corporations pay tax, where does the money come from?

a)

excess profits

b)

lower employee salaries, lower investor dividends, or higher prices

c)

the CEO

d)

the Board of Directors

10.

Which of the following is an example of a progressive tax?

a)

cigarette tax

b)

Social Security Tax

c)

Federal Income tax

d)

gasoline tax