sources of government spending and revenue, economics homework help
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When the percentage of income paid in taxes increase as one’s income increases, the tax is said to be ________.
a. corporate income tax
b. progressive tax
c. regressive tax
d. payroll tax
Taxes that can be shifted to others are called progressive taxes.
Direct government payments to producers of certain goods or services are called _________.
a. price supports
b. income securities
c. homeland securities
_________________ is based upon the benefit principle.
a, Gift tax
b. User fees
c. Gross receipts tax
d. Custom duty
All are the three main types of taxes EXCEPT:
a. regressive tax
b. proportional tax
d. progressive tax
Which is the branch of the US Treasury Department that collects taxes?
c. Sales Tax Association
d. Payroll Tax Department
____________ accounts for the government largest expenditure.
b. Social security
d. Individual income tax
The charge for use of a state park is a ________.
a. user fee
b. property tax
c. excise tax
d. estate tax
Social Security is the nations basic method of providing a continuing income when family earnings are reduced or stop because of retirement, disability, or death.
The _________ rate is usually applied uniformly throughout a community regardless of a taxpayer’s ability to pay.
b. state tax
c. personal property
d. real property
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