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of 28 available terms
(1 exact duplicate found)

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5 Written questions

5 Matching questions

  1. deficit
  2. sales tax
  3. exemptions
  4. deductions
  5. personal property
  1. a the amount of money a taxpayer can subtract from the tax they pay, for themselves and each dependent
  2. b taxes collected on most products sold
  3. c stocks, bonds, jewelry, cars and boats that may be taxed
  4. d claimed for charitable contributions and business expenses by taxpayers.
  5. e a shortage of money

5 Multiple choice questions

  1. a certificate stating that the governmenthas borrowed money from the owner
  2. a tax that takes a larger percentage of income from lower incomegroups than from highe income groups
  3. small payments charged for licenses
  4. an import tax
  5. collects federal taxes

5 True/False questions

  1. interestis the payment made for the use of borrowed money

          

  2. national debtthe total amount of money that the government has borrowed, plus interest

          

  3. equal applicationtaxes applied at the same rate

          

  4. benefit paymentslargest cost to the Federal Government

          

  5. income taxestaxes on earnings of individuals and companies

          

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