3

Homeowners pay on the land they own.

A
property taxes
B
income taxes
C
corporate taxes
4

Workers pay on the money they earn in the workplace.

A
corporate taxes
B
income taxes
C
property taxes
6

Which statements best communicate the main idea of this speech? Check all that apply.

A
Increased taxation on the middle class will improve the economy.
B
Lower taxes increase consumer spending.
C
Increased consumer spending strengthens the economy.
D
Higher taxes will have a severe impact on citizens.
E
Spending on social needs is a low priority.
7

Businesses are required to pay on their earnings.

A
corporate taxes
B
income taxes
C
property taxes

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Unit Test Answers — Personal Financial and Money…