Total pay or earnings before taxes and other deductions
What is GROSS?
100
Funds that local, state, and federal governments collect to pay their bills.
What are TAXES?
100
Income tax comes from wages and...
What is salaries, tips, interest, rents collected, capital gains and stock dividends?
100
State taxes are a source of revenue for MOST...
What are STATE GOVERNMENTS?
100
Families spread out by the 1920's and
the elderly found themselves without any means of support.
200
A portion of a person's income paid to a government.
What is INCOME TAX?
200
Income tax and property tax are two sources of tax revenue. What is the third?
What is sales tax?
200
Deadline for income tax filing
What is APRIL 15?
200
TRUE or FALSE
All states charge sales tax.
What is FALSE?
200
This caused the financial struggles the elderly faced in the early 1900's.
What is the Great Depression?
300
Income amount remaining after deductions have been taken
What is NET INCOME?
300
National defense, veterans, and foreign affairs are paid for using this.
What is FEDERAL INCOME TAX REVENUE?
300
The higher the income, the greater the percentage paid.
PROGRESSIVE TAX
300
Many states do not charge tax on...
What is FOOD?
300
Later social security benefits were also provided for two other groups.
spouses, other family survivors
400
A social insurance program that extends health coverage to almost all Americans age 65 and over
What is MEDICARE?
400
Public schools, local police and firefighters, and local parks are funded by this.
What are STATE or CITY TAX REVENUE?
400
Because the IRS relies on citizens to be honest and responsible about paying their income taxes, it is called...
What is VOLUNTARY COMPLIANCE?
400
States charge the same amount of tax on the same items.
What is FALSE? different rates, different items
400
In the 1960's, the government created another fund to providedafforadable health care.
What is MEDICARE?
500
A social insurance system that provides benefits to most Americans who are retired, sick, or too disabled to work, and to families of workers who have died
What is SOCIAL SECURITY?
500
These taxes pay for the FBI and CIA.
What are FEDERAL INCOME TAXES?
500
Taxes must be withheld by employers; they are required to...
What is DEPOSIT IT WITH THE IRS?
500
Name another government that may also charge sales tax.
What is COUNTY or CITY GOVERNMENTS?
500
Social security and Medicare are paid for by...
What is workers through money collected from their paychecks?