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Taxes Assignment by Lan the Hufflepuff Questions and Answers 100% Verified
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Taxes Assignment by Lan the Hufflepuff
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Taxes Assignment by Lan the HufflepuffWhat are some benefits of paying taxes? Check all that apply. - answer Ensuring that
the needs of the nation are fulfilled
Paying for public works such as highways and museums
Paying for government programs that help citizens
What is the best definition of income tax? - answer A tax on money earned
Jamal and Diamond are calculating their taxes for the year. They both have no
dependents, so their federal tax rates are the same.
Who would pay more in federal income taxes?
Who would pay more in sales taxes when making purchases? - answer Diamond
Diamond
Who would pay more in state income taxes?
Both Jamal and Diamond decide to buy a new computer at a store near their homes.
The computer costs $500. Who will end up paying more? - answer Jamal
Diamond
LaTonya was just hired as an engineer for an electric company. She will make a salary
of $50,000 a year.
How much of LaTonya's salary will be taxed at the 10 percent rate?
How much of LaTonya's salary will be taxed at the 28 percent rate? - answer$8,925
$0
To spend the least amount total, Amir should buy the computer in ________.
Amir would pay the most sales tax in ________.
Amir would pay $60 in sales taxes in ______________. - answer Virginia
Maryland
Washington, DC
How much will Terrill and Natalia be required to pay in property tax per year? -
answer$1,500
_______ was withheld specifically for the tax that is used to pay for a healthcare
program.
_________ was withheld for the payroll tax that specifically supports retired and
disabled citizens.
If this individual made more money, the amount withheld for Social Security would
________. - answer$612.65
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