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Taxes Exam Questions and Answers 100% Correct
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Exam of 2 pages for the course taxes at taxes (Taxes Exam)
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Taxes ExamCommunity - answer a group of people with common interest and concern for the
common good
Earned income - answer Money earned from working for pay
Excise tax - answer taxes collected from the seller or retailer and as such often remain
"hidden" in te price of the product or service, rather than being listed separately
Income tax - answer A tax on earned and unearned income
Payroll tax - answer a tax on earned income
Property tax - answer a tax on property , such as land, buildings(including homes), and
automobiles
Sales tax - answer a tax on purchased goods and services
Taxes - answer the sum of money demanded by a government to support the
government itself as well as specific facilities or services
Taxpayer - answer a person who pays tax to national, state, county or municipal
governments
Unearned income - answer income received from sources other than employment
Roads
Libraries
Public Schools
Police and Fire Departments - answer benefits of being part of a community
income tax - answer how do tax payers pay taxes?
earned and unearned income
higher income=more tax paid - answer Federal tax income is determined by
operations of federal governments and government programs - answer federal tax
income helps fund
earned and unearned income
higher income=more tax paid - answer state income tax is determined by
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