Fiscal Policy: Taxes

Question 1

Which phrase defines the reasons why the federal government collects taxes? | Which phrase grants the federal government the power to collect taxes?

Revolt · Accepted Answer

phrase A

Question 2

Which phrase defines the reasons why the federal government collects taxes? | Which phrase grants the federal government the power to collect taxes?

Revolt · Accepted Answer

phrase B

Question 3

Homeowners pay on the land they own.

Revolt · Accepted Answer

property taxes

Question 4

Workers pay on the money they earn in the workplace.

Revolt · Accepted Answer

income taxes

Question 5

Businesses are required to pay on their earnings.

Revolt · Accepted Answer

corporate taxes

Question 6

Taxes placed on imported goods by the federal government are .

Revolt · Accepted Answer

tariffs

Question 7

Taxes collected on purchased goods, such as clothing, by state and local governments are .

Revolt · Accepted Answer

sales taxes

Question 8

Taxes placed on specific goods, such as gasoline, by federal and state governments are .

Revolt · Accepted Answer

excise taxes

Question 9

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

Revolt · Accepted Answer

Lower taxes increase consumer spending.; Increased consumer spending strengthens the economy.; Higher taxes will have a severe impact on citizens.

Fiscal Policy: Taxes Answers