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of 28 available terms
(1 exact duplicate found)

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5 Written questions

5 Matching questions

  1. progressive tax
  2. fines
  3. deficit
  4. fees
  5. Internal Revenue Service
  1. a collects federal taxes
  2. b a shortage of money
  3. c small payments charged for licenses
  4. d a tax that takes a larger percentage of income from higher income groups than from lower income groups
  5. e money paid for illegal parking and speeding

5 Multiple choice questions

  1. a careful examination by trained accountants of every item of income and expenditure
  2. taxes applied at the same rate
  3. the amount of money a taxpayer can subtract from the tax they pay, for themselves and each dependent
  4. an import tax
  5. taxes on earnings of individuals and companies

5 True/False questions

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

          

  2. balanced budgeta careful examination by trained accountants of every item of income and expenditure

          

  3. excise taxtaxes collected on most products sold

          

  4. sales taxa tax on gas, alcohol and luxury items

          

  5. real propertystocks, bonds, jewelry, cars and boats that may be taxed