Chapter 14 List Flashcards
1
Q
There are three categories of taxes
A
1 income
2 property
3 goods/services
2
Q
Three major types of taxes
A
Proportional
Progressive
Regressive
3
Q
3 types of taxes taken from your paycheck
A
1federal taxes
2 state taxes
3 local taxes
4
Q
3 major groups who are exempt from taxes
A
Non profit organization
Church/synagogue mosques, church school
Humanization groups United way/ADRA
5
Q
Low income workers( don’t pay taxes)
A
Singles -14,000
Married 27,000
Full time students (19-24 years)
6
Q
Federal taxes
A
Social services
Military and government workers
Social security
Medicare and Medicaid
7
Q
State taxes
A
Social services
Roads
State colleges
Hospitals
8
Q
Local taxes
A
Education schools
Police and firefighters
Health
Free lunch in schools
