Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 Paying TaxesQuestion 1

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Paying Taxes

Question 1 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

What are some benefits of paying taxes? Check all that apply.

Answer

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.

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