Taxes Answers

28 verified answers2 views
1
Free Preview

What are some benefits of paying taxes? Check all that apply.ensuring that the needs of the nation are fulfilledpaying for public works such as highways and museumsreducing the amount of money consumers can spendslowing growth in the economypaying for government programs that help citizens

A
ensuring that the needs of the nation are fulfilled
B
paying for public works such as highways and museums
C
reducing the amount of money consumers can spend
D
slowing growth in the economy
E
paying for government programs that help citizens
2
Free Preview

What stance did you take in your argument? Check all that apply.

A
Taxes reduce individuals' net income
B
Sales taxes reduce many consumers' buying power
27166

JamalDiamondThey pay the same.

A
Jamal
B
Diamond
C
They pay the same.
27167

Jamal✔ DiamondThey pay the same.

A
Jamal
B
✔ Diamond
C
They pay the same.
27171

Jamal DiamondThey pay the same.

A
Jamal
B
Diamond
C
They pay the same.
27172

Jamal✔ DiamondThey pay the same.

A
Jamal
B
✔ Diamond
C
They pay the same.
27179

Washington, DCVirginia Maryland

A
Washington, DC
B
Virginia
C
Maryland
27180

Washington, DCVirginia✔ Maryland

A
Washington, DC
B
Virginia
C
✔ Maryland
27181

✔ Washington, DCVirginiaMaryland

A
✔ Washington, DC
B
Virginia
C
Maryland
27184

$488.19$612.65 $1,802.47

A
$488.19
B
$612.65
C
$1,802.47
27185

$1,756.56✔ $2,567.45$43,660.50

A
$1,756.56
B
✔ $2,567.45
C
$43,660.50
27186

✔ increase decrease stay the same

A
✔ increase
B
decrease
C
stay the same
38492

$0$8,925$50,000

A
$0
B
$8,925
C
$50,000
38493

✔ $0$8,925 $50,000

A
✔ $0
B
$8,925
C
$50,000
38494

What is the best definition of income tax?

A
a tax on the purchase price of goods
B
a tax on the value of property
C
a tax on money earned
D
a tax set aside each month for health care
38496

In this lesson, we looked at the various taxes that individuals have to pay.In three to four sentences, explain how taxes influence consumer decisions and buying power.

Answer:

Taxes reduce disposable income and can make goods and services more expensive. Income taxes leave consumers with less money to spend after receiving their paychecks. Sales taxes raise the final prices of purchases, which reduces buying power. Because of these effects, consumers often compare opportunity costs and choose carefully between items.

38497

What are the benefits of donating to a charitable organization? Check all that apply.It earns the donor interest from the charity on the amount given.It gives the donor satisfaction, and it helps the charity’s cause.It grants a rebate for an amount equivalent to the donation.It can often be deducted from the donor’s taxable income.It exempts the donor from all federal taxes for the year.

A
It earns the donor interest from the charity on the amount given.
B
It gives the donor satisfaction, and it helps the charity’s cause.
C
It grants a rebate for an amount equivalent to the donation.
D
It can often be deducted from the donor’s taxable income.
E
It exempts the donor from all federal taxes for the year.
38498

What are some benefits of paying taxes? Check all that apply.ensuring that the needs of the nation are fulfilledpaying for public works such as highways and museumsreducing the amount of money consumers can spendslowing growth in the economypaying for government programs that help citizens

A
ensuring that the needs of the nation are fulfilled
B
paying for public works such as highways and museums
C
reducing the amount of money consumers can spend
D
slowing growth in the economy
E
paying for government programs that help citizens
38499

What is the best definition of income tax?

A
a tax on the purchase price of goods
B
a tax on the value of property
C
a tax on money earned
D
a tax set aside each month for health care

Did you find these answers helpful?