5. What type of tax goes to help pay for medical care of people over 65 years old? a. Income tax b. Property tax c. Sales Tax d. Social Security tax e. Medicare tax 6. What type of tax takes a percentage of the money you make on a job? a. Income tax b. Property tax c. Sales Tax d. Social Security tax e. Medicare tax 7. What type of tax goes to help pay for retirement? a. Income tax b. Property tax c. Sales Tax d. Social Security tax e. Medicare tax
5. What type of tax goes to help pay for medical care of people over 65 years old? a. Income tax b. Property tax c. Sales Tax d. Social Security tax e. Medicare tax 6. What type of tax takes a percentage of the money you make on a job? a. Income tax b. Property tax c. Sales Tax d. Social Security tax e. Medicare tax 7. What type of tax goes to help pay for retirement? a. Income tax b. Property tax c. Sales Tax d. Social Security tax e. Medicare tax
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 34P
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Transcribed Image Text:5. What type of tax goes to help pay for medical care of people over 65 years old?
a. Income tax
b. Property tax
c. Sales Tax
d. Social Security tax
e. Medicare tax
6. What type of tax takes a percentage of the money you make on a job?
a. Income tax
b. Property tax
c. Sales Tax
d. Social Security tax
e. Medicare tax
7. What type of tax goes to help pay for retirement?
a. Income tax
b. Property tax
c. Sales Tax
d. Social Security tax
e. Medicare tax
8. True or False: Businesses don't have to pay any taxes in the United States.
a. TRUE b. FALSE
9. According to the article, where does the United States rank worldwide in highest
income taxes?
a. 1st
b. 7th
c. 25th
d. 100th
e. 150th
10. What is the name of the agency that collects taxes in the United States?
a. Secret Service
b. Federal Bureau of Investigation
c. Internal Revenue Service
d. Department of Energy
e. Department of the Interior
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