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Q 1/11
Score 0
What is gross income minus specific deductions.
30
Income tax
Alternative minimum tax
Adjusted gross income
Q 2/11
Score 0
This is designed to make sure that those with high incomes pay their fair share of taxes, even if they have a high number of deductions that brings their adjusted gross income into a lower tax bracket.
30
Progressive tax systems
Alternative minimum tax
Income tax
Excise tax
11 questions
Q.
What is gross income minus specific deductions.
1
30 sec
Q.
This is designed to make sure that those with high incomes pay their fair share of taxes, even if they have a high number of deductions that brings their adjusted gross income into a lower tax bracket.
2
30 sec
Q.
Taxes on a person's estate when that person dies are called __________.
3
30 sec
Q.
A federal and/or state tax on specific goods such as gasoline, tires, airfare, and cigarettes is an __________.
4
30 sec
Q.
What includes all sources of income?
5
30 sec
Q.
_______________ is the tax imposed on the amount of money that each person earns during the year.
6
30 sec
Q.
The tax on property or assets inherited after someone has died and bequeathed the asset to another is called _______________.
7
30 sec
Q.
The Internal Revenue Service (IRS) collects federal estate taxes in the United States.
8
30 sec
Q.
Require those with higher incomes to pay a greater proportion of their income in taxes.
9
30 sec
Q.
Charges everyone the exact same percentage, amount, or proportion in taxes.
