Income Quiz Review

What are the 4 main consumption taxes? (Select all that apply)

• Sales

• Excise

• Tariffs

• Property

__________ insurance provides a % of income when paid leave runs out

The 3 main benefit categories are insurance, paid leave, and __________.

___________ (Gross or Net) pay is your take home pay after deductions

What are the 4 main categories of insurance? (Select all that apply)

• Health

• Life

• Dental/Vision

• Disability

Excise taxes are taxes on imports or exports

• True

• False

Regressive taxes take a larger percentage of income from high-income groups

• True

• False

Life insurance covers doctor visits, prescriptions, hospital stays, etc.

• True

• False

Insurance and retirement are optional deductions from your paycheck.

• True

• False

Earnings are money obtained in return for labor or services

• True

• False