Fiscal Policy: Taxes

Question 1

Which phrase defines the reasons why the federal government collects taxes?

Revolt · Accepted Answer

Taxes placed on imported goods by the federal government are .: tariffs; Taxes collected on purchased goods, such as clothing, by state and local governments are .: sales taxes; Taxes placed on specific goods, such as gasoline, by federal and state governments are .: excise taxes

Question 2

Which phrase defines the reasons why the federal government collects taxes?

Revolt · Accepted Answer

✔ phrase B; phrase B; phrase A

Question 3

✔ phrase Aphrase Bphrase C

Revolt · Accepted Answer

✔ phrase A

Question 4

✔ property taxes income taxes corporate taxes

Revolt · Accepted Answer

✔ property taxes; Homeowners pay on the land they own.: property taxes; Workers pay on the money they earn in the workplace.: income taxes; Businesses are required to pay on their earnings.: corporate taxes

Question 5

X corporate taxes✔ income taxes property taxes

Revolt · Accepted Answer

✔ income taxes

Question 6

✔ corporate taxes income taxesproperty taxes

Revolt · Accepted Answer

✔ corporate taxes

Question 7

excise taxessales taxes✔ tariffs

Revolt · Accepted Answer

✔ tariffs; Taxes placed on imported goods by the federal government are .: tariffs; Taxes collected on purchased goods, such as clothing, by state and local governments are .: sales taxes; Taxes placed on specific goods, such as gasoline, by federal and state governments are .: excise taxes

Question 8

excise taxes✔ sales taxes tariffs

Revolt · Accepted Answer

✔ sales taxes

Question 9

✔ excise taxescorporate taxesX tariffs

Revolt · Accepted Answer

✔ excise taxes

Fiscal Policy: Taxes Answers

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