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5 Written questions

5 Matching questions

  1. bond
  2. regressive tax
  3. equal application
  4. profit
  5. personal property
  1. a a certificate stating that the governmenthas borrowed money from the owner
  2. b a tax that takes a larger percentage of income from lower incomegroups than from highe income groups
  3. c taxes applied at the same rate
  4. d income a business has left after paying expenses
  5. e stocks, bonds, jewelry, cars and boats that may be taxed

5 Multiple choice questions

  1. money paid for illegal parking and speeding
  2. largest cost to the Federal Government
  3. a tax that takes a larger percentage of income from higher income groups than from lower income groups
  4. collects federal taxes
  5. responsible for proposed national budget

5 True/False questions

  1. sales taxtaxes collected on most products sold


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


  3. deductionsclaimed for charitable contributions and business expenses by taxpayers.


  4. Social Securitytax used to pay people with disabilities and retired people


  5. income taxesa tax on gas, alcohol and luxury items