Taxes Answers

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1
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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
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Jamal✔ DiamondThey pay the same.

A
Jamal
B
✔ Diamond
C
They pay the same.
3

✔ Washington, DCVirginiaMaryland

A
✔ Washington, DC
B
Virginia
C
Maryland
4

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
5

LaTonya was just hired as an engineer for an electric company. She will make a salary of $50,000 a year.

Answers:
was withheld specifically for the tax that is used to pay for a healthcare program.:$612.65
was withheld for the payroll tax that specifically supports retired and disabled citizens.:$2,567.45
If this individual made more money, the amount withheld for Social Security would .:increase
6

JamalDiamondThey pay the same.

A
Jamal
B
Diamond
C
They pay the same.
7

Jamal DiamondThey pay the same.

A
Jamal
B
Diamond
C
They pay the same.
8

$0$8,925$50,000

A
$0
B
$8,925
C
$50,000
9

Washington, DCVirginia Maryland

A
Washington, DC
B
Virginia
C
Maryland
11

$488.19$612.65 $1,802.47

A
$488.19
B
$612.65
C
$1,802.47
12

Jamal✔ DiamondThey pay the same.

A
Jamal
B
✔ Diamond
C
They pay the same.
13

✔ $0$8,925 $50,000

A
✔ $0
B
$8,925
C
$50,000
14

Washington, DCVirginia✔ Maryland

A
Washington, DC
B
Virginia
C
✔ Maryland
15

$1,756.56✔ $2,567.45$43,660.50

A
$1,756.56
B
✔ $2,567.45
C
$43,660.50
16

✔ increase decrease stay the same

A
✔ increase
B
decrease
C
stay the same

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