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Module 12 Tax Me, Please Questions and Answers Fully Solved

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Module 12 Tax Me, Please

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Uploaded on
September 11, 2024
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Written in
2024/2025
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Module 12 Tax Me, Please

The sales tax you pay when you gas up your car is regressive - answer false

Select the correct example of a "benefits received" tax - answer The tax that is collected
at a tool booth on a highway

Your employer is responsible for filling your federal tax return - answer False

Progressive taxation is based on the belief that - answer People who can afford to pay
more should pay more to allow the government to help less fortunate people

Taxes normally pay for the following - answer Services such as police, fire and the
military

What tax form is given to me by my employer each tax year to show my earnings and
taxes withheld - answerW-2

A progressive tax is a tax that - answer Requires people who make more money to pay
a larger percentage of their income in taxes

Which is the correct statement about the "Ability to pay" principle - answer Both A and B

You had a part time job that paid you $950 in one tax year. Do you have to file a federal
tax return? - answer Yes

You pay a sales tax when you - answer Buy a video game

congratulations - answer80%

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