Taxes

Question 1

What are some benefits of paying taxes? Check all that apply.ensuring that the needs of the nation are fulfilledpaying for public works such as highways and museumsreducing the amount of money consumers can spendslowing growth in the economypaying for government programs that help citizens

Revolt · Accepted Answer

A: ensuring that the needs of the nation are fulfilled; B: paying for public works such as highways and museums; E: paying for government programs that help citizens

Question 2

What is the best definition of income tax?

Revolt · Accepted Answer

C: a tax on money earned

Question 3

LaTonya was just hired as an engineer for an electric company. She will make a salary of $50,000 a year.

Revolt · Accepted Answer

was withheld specifically for the tax that is used to pay for a healthcare program.: $612.65; was withheld for the payroll tax that specifically supports retired and disabled citizens.: $2,567.45; If this individual made more money, the amount withheld for Social Security would .: increase

Question 4

Jamal and Diamond are calculating their taxes for the year. They both have no dependents, so their federal tax rates are the same.

Revolt · Accepted Answer

B: ✔ Diamond

Question 5

LaTonya was just hired as an engineer for an electric company. She will make a salary of $50,000 a year.

Revolt · Accepted Answer

B: ✔ $8,925

Question 6

How much will Terrill and Natalia be required to pay in property tax per year?

Revolt · Accepted Answer

C: $1,500

Question 7

$488.19✔ $612.65 $1,802.47

Revolt · Accepted Answer

B: ✔ $612.65

Question 8

What are the benefits of donating to a charitable organization? Check all that apply.It earns the donor interest from the charity on the amount given.It gives the donor satisfaction, and it helps the charity’s cause.It grants a rebate for an amount equivalent to the donation.It can often be deducted from the donor’s taxable income.It exempts the donor from all federal taxes for the year.

Revolt · Accepted Answer

PENDING

Question 9

Jamal✔ DiamondThey pay the same.

Revolt · Accepted Answer

B: ✔ Diamond

Question 10

✔ $0$8,925 $50,000

Revolt · Accepted Answer

A: ✔ $0

Taxes Answers

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