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- 1. Multiple Choice
The power to tax is granted by the United States Constitution to
the Treasury Department.
Congress.
the President.
the Supreme Court.
- 2. Multiple Choice
All of the following are characteristics of a good tax except
economy.
certainty.
revenue.
equity.
- 3. Multiple Choice
Taking taxes out of an employee’s wages before he or she receives them is called
tax return.
social security.
FICA.
withholding.
- 4. Multiple Choice
How is the federal income tax a progressive tax?
The higher the income a person has, the higher the percentage that person pays as tax.
A person with a higher income pays more money in taxes, although the percentage he or she pays as tax is less.
Two married people who file their taxes together will pay more taxes than a single person will.
Children pay no taxes, regardless of whether they earn a large income.
- 5. Multiple Choice
All of the following are examples of mandatory spending except
defense spending.
Medicare.
Social Security.
Medicaid.
- 6. Multiple Choice
An entitlement program is
a program to provide benefits paid to everyone.
a program to provide benefits paid to government employees only.
a program to provide benefits to people who meet certain requirements.
a program to provide benefits to illegal aliens.
- 7. Multiple Choice
For most state governments, the main source of revenue is a
room tax.
property tax.
general excise tax.
statewide sales tax.
- 8. Multiple Choice
The main source of revenue for local governments is
a property tax.
an excise tax.
a sales tax.
an income tax.
- 9. Multiple Choice
These are set amounts that you subtract from your gross income for yourself, your spouse, and any dependents.
taxable income
deductions
exemptions
progressive taxes
- 10. Multiple Choice
_____________ is a tax for which the percentage of income paid in taxes decreases as income increases.
Progressive Tax
Regressive Tax
Proportional Tax
Flat Tax
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