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Understanding Taxes

Authored by Jaalon Frazier

Other

8th Grade

Used 14+ times

Understanding Taxes
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are sales taxes?

Taxes on what you buy

Taxes on what you earn

Taxes on what you own

Taxes on property

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which services are funded by sales taxes?

Education, transportation, and health care

Parks, public safety services, and schools

Education, parks, and public safety services

Transportation, health care, and schools

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are income taxes?

Taxes on what you buy

Taxes on what you earn

Taxes on what you own

Taxes on property

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where do income taxes provide revenue?

Federal government, state governments, and local governments

State governments, local governments, and businesses

Federal government, local governments, and businesses

Federal government, state governments, and businesses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are property taxes?

Taxes on what you buy

Taxes on what you earn

Taxes on what you own

Taxes on property

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do property taxes fund?

Education, transportation, and health care

Parks, public safety services, and schools

Education, parks, and public safety services

Transportation, health care, and schools

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an asset?

Anything that can be used to produce positive economic value

Future sacrifices of economic benefits

Ownership interest in property

Consumption and saving opportunity

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