1- Taxes fund which sector of our economy?

A.Private sector

B.Public sector

C.Service sector (i.e., hair and nail salons, landscapers, accountants, lawyers, and doctors)

D.Retail sector (i.e., Wal-Mart and Target)

2- The following NINE questions refer to the topic of TAXATION.The first three of these questions asks you to identify an example of each of the three types of taxes.You will note that the choices are the same for each of these first three questions.The next set of three questions asks you to describe the nature of the three types of taxes.You will note that the choices for these three questions are also the same.

An example of a PROGRESSIVE tax is

A.City Income TaxB.Sales Tax

C.Federal Income Tax

3- Flat taxes are also sometimes known as a proportional tax.An example of a FLAT tax is

A.City Income TaxB.Sales Tax

C.Federal Income Tax

4-An example of a REGRESSIVE tax is

A.City Income TaxB.Sales Tax

C.Federal Income Tax

5-What statement BEST describes PROGRESSIVE TAXES?As always read all choices before answering and be sure to select the BEST answer.

A.The LESS you make the HIGHER PERCENT you pay

B.The MORE you make the HIGHER PERCENT you pay

C.The more you make the HIGHER AMOUNT you pay