Quotes
Terms 1
Terms 2
Acronyms/Fill in the Blanks
True or False
100

"Avoid Corporate greed"

Who is Jessica B. Wealthy?

100

A tax imposed on wages paid to employee and paid by employers in connection to employing workers. This tax is used to fund a federal system of health insurance.

What is Medicare Tax?

100

Deductions withheld from employees' wages and taxes paid by employers, based on the wages paid to employees.

What is payroll taxes?

100

The abbreviation FICA meaning

What is Federal Insurance Contribution Act?

100

Federal agencies are the only agencies that allocate tax dollars for social services.

what is False?

200

"Just do the right thing"

Who is Jessica B. Wealthy?

200

Is a payroll tax imposed by the United States on employees and employers to fund Social Security and Medicare programs.

What is Federal Insurance Contribution Act Tax (FICA)?

200

A tax imposed in the United States by the state government on taxable income.

What is state income tax?

200

The abbreviation FUTA meaning

Federal Unemployment Tax Act?

200

Taxes represent some financial costs in the business-making process.

What is true?

300

"He who has the most, is the only player in the game"

Who is D. Hookup?

300

A method by which the government finances certain social services by imposing charges on its citizens and corporate entities.

What is Taxation?

300

An tax employer tax imposed by federal law that helps fund state workforce agencies.

What is Federal Unemployment Tax Act (FUTA)?

300

The abbreviation SUTA meaning

What is the State Unemployment Tax Authority?

300

The tax enacted in 1984, was held to be constitutional by the U.S. Supreme Court.

What is false?

400

Knowledge - "The whole is greater than the sum of its parts."

Who was Aristotle?

400

Taxes paid by employers from their own funds in connection to employing workers.

What is employer taxes?

400

A tax imposed in the United States by the federal government on taxable income.

What is federal income tax?

400

__________was the year in which the first income tax was imposed on individuals.

Who was 1861?

400

Payroll, property, and sales and use taxes are common to businesses.

What is true?

500

"if my mind can conceive it, and my heart can believe it- then I can achieve it."

Who is Muhammad Ali?

500

Typically, a fixed payment paid by an employer to an employee who is compensated on an hourly basis.

What is wages?

500

Allows the U.S. Congress to impose an income tax without dividing it among the states or basing it on the U.S. Census.

What is the Sixteenth Amendment?

500

The sixteenth Amendment was adopted in _________.

What was 1909?

500

In theory, our tax system is based on one's ability to pay.

What is true?