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Tax questions With Complete Correct Detailed Answers Graded A+. $12.99   Add to cart

Exam (elaborations)

Tax questions With Complete Correct Detailed Answers Graded A+.

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  • Course
  • TAX.
  • Institution
  • TAX.

What type of tax idea would this sentence be talking about ? People who have children should only be the ones who pay taxes that go to the schools in their area. - correct answer Benefits received principal What is it called when the govt takes your taxes o...

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  • September 18, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • TAX.
  • TAX.
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RealGrades
Tax questions

What type of tax idea would this sentence be talking about ?

People who have children should only be the ones who pay taxes that go to the schools in their area. -
correct answer Benefits received principal



What is it called when the govt takes your taxes out of your pay check before you get your check ? -
correct answer Pay-as-you-earn



What type of tax is 'sales tax' considered ? - correct answer Regressive tax



What day is the final day your taxes need to be paid by ? - correct answer April 15th



What taxes are supposed to help you after you retire at the age of 65? - correct answer
FICA



What percentage do Texans pay in Texas state tax ? - correct answer 0%



Who gets hurt the most by sales tax ? - correct answer The lower economic class



What tax will you have to pay every year if you purchase a house ? - correct answer
Property tax



Each state in the union is allowed to set their own state tax rate.

True or false ? - correct answer True



If Bill Gates paid 15% of his income in taxes and you also pay 15% of your income in taxes this would be
called a ___________________ tax ? - correct answer Proportional tax

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