Question 1

A) What are the differences between a sales tax and a use tax?(1 point)

A sales tax is on the purchase of goods and services at the point of sale while a use tax is paid on goods and services purchased when sales tax was not paid.

A sales tax is on the purchase of goods and services at the point of sale while a use tax is paid on goods and services purchased when sales tax was not paid.

A sales tax is levied on the purchases of goods while a use tax is levied on the purchases of sevices.

A sales tax is levied on the purchases of goods while a use tax is levied on the purchases of sevices.

A sales tax on goods and services is paid by a region's residents and a use tax is paid by non-residents, both at the point of sale.

A sales tax on goods and services is paid by a region's residents and a use tax is paid by non-residents, both at the point of sale.

A sales tax is collected when a good or service is purchased by a consumer while a use tax is collected when a good or service is purchased by a businesses.

A sales tax is collected when a good or service is purchased by a consumer while a use tax is collected when a good or service is purchased by a businesses.

Question 2

A) Compare how Medicare taxes are paid by individuals who are employees to those who are self-employed.(1 point)

Employees pay for both halves of the tax (2.9%) and the employer does not pay the Medicare tax. Self-employed individuals do not pay Medicare tax.

Employees pay for both halves of the tax (2.9%) and the employer does not pay the Medicare tax. Self-employed individuals do not pay Medicare tax.

Employees pay half (1.45%) of the Medicare tax while the employer pays the other half. Self-employed individuals pay for both halves of the tax (2.9%).

Employees pay half (1.45%) of the Medicare tax while the employer pays the other half. Self-employed individuals pay for both halves of the tax (2.9%).

Employees do not pay the Medicare tax and the employer pays for both halves of the tax (2.9%). Self-employed individuals pay for both halves of the tax (2.9%).

Employees do not pay the Medicare tax and the employer pays for both halves of the tax (2.9%). Self-employed individuals pay for both halves of the tax (2.9%).

Employees pay half (1.45%) of the Medicare tax while the employer pays the other half. Self-employed individuals pay half (1.45%) of the Medicare tax.

Employees pay half (1.45%) of the Medicare tax while the employer pays the other half. Self-employed individuals pay half (1.45%) of the Medicare tax.

Question 3

A) Which type of tax describes excise taxes, sales taxes, and tolls?(1 point)

progressive tax

progressive tax

regressive tax

regressive tax

use tax

use tax

flat tax

flat tax

Question 4

A) Identify all the groups that pay property tax.(1 point)

landowners and homeowners

landowners and homeowners

businesses and individuals

businesses and individuals

employers and employees

employers and employees

landowners, homeowners, and businesses

landowners, homeowners, and businesses

Question 5

A) How are businesses taxed with the corporate income tax?(1 point)

Businesses pay a proportional orprogressive tax based on their profits.

Businesses pay a proportional orprogressive tax based on their profits.

All businesses pay the same amount of tax each year.

All businesses pay the same amount of tax each year.

Businesses pay a progressive tax based on their total expenses.

Businesses pay a progressive tax based on their total expenses.

Businesses pay a proportional tax based on their total receipts.

Businesses pay a proportional tax based on their total receipts.