progressive tax |
a tax in which wage earners with higher incomes are taxed at a higher percentage rate than earners with lower incomes |
proportional tax |
a tax in which wage earners with lower incomes are taxed at a higher percentage rate than earners with higher incomes |
society |
a group of individuals, usually within a community, who share traditions, interests, and establishments |
tax |
an amount taken from income or added to purchases by various levels of government |
If expansionary taxation policies encourage growth, are they always appropriate to implement? |
Yes, the government will still ensure that individuals and businesses continue to receive all necessary services. |
According to the chart, the citizens are being taxed…. |
….proportionally. |
Governments collects taxes to ensure that…. |
….citizens contribute to meeting society’s needs. |
A sales tax is a type of…. |
….indirect tax. |
Which best explains how contractionary policies can hamper economic growth? |
They slow demand. |
Which are examples of programs or projects most likely funded by taxes in the United States? |
-constructing a highway -maintaining state parks -collecting garbage |
Under an expansionary taxation policy, the government tries to stimulate economic growth by…. |
….increasing spending. |
How are progressive taxes and regressive taxes similar? |
Both are considered flat taxes. |
Which of these is most likely the US government’s aim in taxing imported goods? |
to protect domestic businesses |
Which best describes how expansionary policies can facilitate economic growth? |
They increase disposable income. |
Which of these best describes income tax? |
direct tax |
Which best describes what this graph indicates about government spending? |
The government almost always spends more than it collects. |
Under a contractionary taxation policy, the government tries to improve its finances by…. |
….increasing taxes. |
A(n) ________ policy is employed when the government chooses to run a larger deficit. |
expansionary |
Property taxes are usually determined based on…. |
….the value of the property. |
How is an excise tax different from a sales tax? |
An excise tax applies to specific products. |
Fiscal Policy- Taxes
Share This
Unfinished tasks keep piling up?
Let us complete them for you. Quickly and professionally.
Check Price