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of 28 available terms
(1 exact duplicate found)

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5 Written questions

5 Matching questions

  1. profit
  2. revenue
  3. surplus
  4. interest
  5. progressive tax
  1. a is the payment made for the use of borrowed money
  2. b income a business has left after paying expenses
  3. c money
  4. d a government collects more money than it spends
  5. e a tax that takes a larger percentage of income from higher income groups than from lower income groups

5 Multiple choice questions

  1. a careful examination by trained accountants of every item of income and expenditure
  2. largest cost to the Federal Government
  3. a shortage of money
  4. the total amount of money that the government has borrowed, plus interest
  5. taxes on earnings of individuals and companies

5 True/False questions

  1. personal propertyland buildings and other structures

          

  2. equal applicationthe amount of money a taxpayer can subtract from the tax they pay, for themselves and each dependent

          

  3. $10000give money over this amount and pay a gift tax

          

  4. bondmoney paid for illegal parking and speeding

          

  5. exemptionsthe amount of money a taxpayer can subtract from the tax they pay, for themselves and each dependent