1. The percentage of property taxes collected by local governments is about _____.

a.15 percent

c.75 percent

d.95 percent

2. A major source of revenues for state and local governments is _____.

b.payroll taxes

c.intergovernmental revenues

d.estate taxation

3. Federal taxes make up about ______ percent of total taxes.

a.40

b.50

c.60

4. Two-thirds of sales tax revenues are collected by

b.state governments

c.county governments

d.city governments

5. If the tax system is made more progressive, the after-tax wages of high-income workers would _____.

b.rise

c.stay constant

d.rise or fall depending upon job market conditions