Paying Taxes Answers

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1
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What are some benefits of paying taxes? Check all that apply.Taxes ensure that the needs of the nation are fulfilled.Taxes pay for public works such as highways and museums.Taxes reduce the amount of money consumers can spend.Taxes slow growth in the economy.Taxes pay for government programs such as Medicare and Medicaid.

A
Taxes ensure that the needs of the nation are fulfilled.
B
Taxes pay for public works such as highways and museums.
C
Taxes reduce the amount of money consumers can spend.
D
Taxes slow growth in the economy.
E
Taxes pay for government programs such as Medicare and Medicaid.
2
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Ethan✔ DiamondThey will pay the same.

A
Ethan
B
✔ Diamond
C
They will pay the same.
3

✔ Washington, DCVirginiaMaryland

A
✔ Washington, DC
B
Virginia
C
Maryland
121059

Who will pay more in state income taxes?

Answers:
Selection 1:Ethan
Selection 2:Diamond
121060

Ethan✔ DiamondThey will pay the same.

A
Ethan
B
✔ Diamond
C
They will pay the same.
121061

What is the best definition of "income tax”?

A
a tax on the purchase price of goods
B
a tax on the value of property
C
a tax on money earned
D
a tax set aside each month for health care
121062

LaTonya was just hired as an engineer for an electric company. She will make a salary of $80,000 a year.

Answers:
To spend the least amount total, Amir should buy the computer in .:Virginia
Amir would pay the most sales tax in .:Maryland
Amir would pay $60 in sales tax in .:Washington, DC
121065

Washington, DC✔ Virginia Maryland

Answers:
To spend the least amount total, Amir should buy the computer in .:Virginia
Amir would pay the most sales tax in .:Maryland
Amir would pay $60 in sales tax in .:Washington, DC
121067

✔ $0$36,900$80,000

A
✔ $0
B
$36,900
C
$80,000
121068

Washington, DCVirginia✔ Maryland

A
Washington, DC
B
Virginia
C
✔ Maryland
121069

What are some benefits of paying taxes? Check all that apply.Taxes ensure that the needs of the nation are fulfilled.Taxes pay for public works such as highways and museums.Taxes reduce the amount of money consumers can spend.Taxes slow growth in the economy.Taxes pay for government programs such as Medicare and Medicaid.

A
Taxes ensure that the needs of the nation are fulfilled.
B
Taxes pay for public works such as highways and museums.
C
Taxes reduce the amount of money consumers can spend.
D
Taxes slow growth in the economy.
E
Taxes pay for government programs such as Medicare and Medicaid.
121070

What is the best definition of "income tax”?

A
a tax on the purchase price of goods
B
a tax on the value of property
C
a tax on money earned
D
a tax set aside each month for health care

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Paying Taxes Answers — Personal Finance - EL3403