Tax questions With Complete Correct Detailed Answers Graded A+.
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Course
TAX.
Institution
TAX.
What type of tax idea would this sentence be talking about ?
People who have children should only be the ones who pay taxes that go to the schools in their area. - correct answer Benefits received principal
What is it called when the govt takes your taxes o...
What type of tax idea would this sentence be talking about ?
People who have children should only be the ones who pay taxes that go to the schools in their area. -
correct answer Benefits received principal
What is it called when the govt takes your taxes out of your pay check before you get your check ? -
correct answer Pay-as-you-earn
What type of tax is 'sales tax' considered ? - correct answer Regressive tax
What day is the final day your taxes need to be paid by ? - correct answer April 15th
What taxes are supposed to help you after you retire at the age of 65? - correct answer
FICA
What percentage do Texans pay in Texas state tax ? - correct answer 0%
Who gets hurt the most by sales tax ? - correct answer The lower economic class
What tax will you have to pay every year if you purchase a house ? - correct answer
Property tax
Each state in the union is allowed to set their own state tax rate.
True or false ? - correct answer True
If Bill Gates paid 15% of his income in taxes and you also pay 15% of your income in taxes this would be
called a ___________________ tax ? - correct answer Proportional tax
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