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5 Written questions

5 Matching questions

  1. regressive tax
  2. tariff
  3. excise tax
  4. Social Security
  5. national debt
  1. a an import tax
  2. b a tax on gas, alcohol and luxury items
  3. c a tax that takes a larger percentage of income from lower incomegroups than from highe income groups
  4. d tax used to pay people with disabilities and retired people
  5. e the total amount of money that the government has borrowed, plus interest

5 Multiple choice questions

  1. claimed for charitable contributions and business expenses by taxpayers.
  2. a shortage of money
  3. stocks, bonds, jewelry, cars and boats that may be taxed
  4. income a business has left after paying expenses
  5. a government collects more money than it spends

5 True/False questions

  1. April 15thincome a business has left after paying expenses

          

  2. income taxestaxes on earnings of individuals and companies

          

  3. audita careful examination by trained accountants of every item of income and expenditure

          

  4. $10000give money over this amount and pay a gift tax

          

  5. exemptionsclaimed for charitable contributions and business expenses by taxpayers.

          

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