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Unit 07 (4a-4g)

White 10 - Unit 7 (4a-4g)

QuestionAnswer
What type of tax is it? A tax consumers pay on many items they purchase. It is a percentage of the price. Sales Tax
What type of tax is it? A tax levied on land, buildings, and cars. Property Tax
What type of tax is it? Tax payments based on money earned by individuals and businesses. Income Tax
The income tax is a main source of revenue for the - Federal Government
Income taxes and sales taxes are major sources of revenue for the - State government
Property taxes and sales taxes are major sources of revenue for the - Local Governments
Who pays for it? National defense and interest payments on the national debt. Federal Government
Who pays for it? Public health, education, welfare, and public safety (police and fire departments). State and Local Governments
Who pays for it? Payments to Social Security recipients and some medical expenditures such as Medicare. Federal Government
Who pays for it? Road construction and repair. State and Local Governments
Created by: Warren_Fisher
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