Taxes Quiz

What are the three major federal taxes collected by the government?

• Sales tax, Property tax, Excise tax

• Personal income tax, Corporate income tax, Social Security tax

• Value-added tax, Estate tax, Gift tax

• Customs duty, Tariff, Toll tax

Tags

E.4.5

Who pays the Social Security tax?

• Only the federal government

• Only the state governments

• Both employers and employees

• Only the employees

Tags

E.4.5

Which tax is collected by states and not by the federal government?

• Corporate income tax

• Excise tax

• Sales tax

• Property tax

Tags

E.4.5

What is the tax structure where everyone pays at the same rate, regardless of their income level?

• Flat tax

• Value-added tax

• Regressive income tax

• Progressive income tax

Tags

E.4.5

In 2013, what were the tax rates for the progressive income tax structure in the United States?

• 10, 15, 25, 28, 33, 35, and 39.6 percent

• 5, 10, 15, 20, 25, 30, and 35 percent

• 20, 25, 30, 35, 40, 45, and 50 percent

• 15, 20, 25, 30, 35, 40, and 45 percent

Tags

E.4.5

What is the average duration that a person works to earn enough to pay all taxes owed?

• From March 1 to June 30

• From January 1 to April 18

• From January 1 to March 31

• From February 1 to May 1

Tags

E.4.5