Taxation

Question Constitutional Amendment authorized individual income taxation in the United States

Answer 1 – 10 What is the 16 th Amendment.

Question Tax collected after a person dies.

Answer 1 – 20 What is estate tax.

Question Tax imposed by a government on imported or exported goods

Answer 1 – 30 What is tariff

Question Tax that leads to double taxation

Answer 1 – 40 What is corporate tax.

Question Tax on goods and services Collected from merchants Consumers bear the cost

Answer 1 – 50 What is sales tax

Question The U.S. federal government imposes this tax on citizens

Answer 2 – 10 What is the Income tax

Question Specific taxes make up a large portion of the federal taxes paid by American workers?

Answer 2 – 20 What is Social Security tax

Question Tax that accounts for about 50% of all federal revenue.

Answer 2 – 30 What is Income tax

Question Sales tax is higher in some area than others due to this

Answer 2 – 40 What is State and local governments are responsible for sales taxes in their own areas.

Question This tax is imposed not only to raise money but to alter personal behavior

Answer 2 – 50 What is cigarette tax

Question Tax considered a consumption tax

Answer 3 – 10 What is Sales tax

Question Majority of funds that pay for public schools are raised from this type of taxes

Answer 3 – 20 What is State tax

Question This tax can be collected by both the state and federal government

Answer 3 – 30 What is Income tax

Question This federal bureau is in charge of collecting income taxes

Answer 3 – 40 What is Internal Revenue Service, (IRS)

Question Tax imposed by local government to tax out of town visitors

Answer 3 – 50 What is Tax on hotel rooms.

Question Tax imposed on citizens when they purchase land and homes.

Answer 4 – 10 What is property tax.

Question Controversial tax that leads to double taxing a company and then the shareholders.

Answer 4 – 20 What is corporate tax.

Question Congress enacted a tax on annual income over $3,000

Answer 4 – 30 What is Income tax

Question Business owners and employer have an obligation to make sure this type of tax is paid for their employee

Answer 4 – 40 What is Social Security tax

Question This type of government gives states the power to regulate how much they will tax their citizens

Answer 4 – 50 What is federal government

Question This tax is sometimes referred to as “sin taxes.”

Answer 5 – 10 What is cigarette tax

Question The tax on purchase of a specific good or service such as tobacco, alcohol, licenses, or gas.

Answer 5 – 20 What is consumption tax or sales tax

Question Each year, more than 1 trillion dollars, is collected from American citizens

Answer 5 – 30 What is Income tax

Question Income tax can be collection from these two types of government

Answer 5 – 40 What is State and Federal government

Question This type of tax is intended to raise prices of imported goods and “protect” domestic industries from foreign competition.

Answer 5 – 50 What is tariff.