Chapter 9 Review Government Revenue



Econ Ch. 9 Review - Sources of Government Revenue

Terms/Vocabulary

□ Payroll Withholding System

□ Medicare

□ tax assessor

□ Estate Tax

□ Regressive Tax

□ tax loophole

□ Flat Tax

□ Individual income tax

□ tax return

□ Payroll taxes

□ Progressive Tax

□ Proportional Tax

Concepts

□ Different types of taxes

■ Progressive

■ Regressive

■ Proportional

□ Payroll/Paycheck Deductions

□ Flat Tax

■ Define

■ What is it purpose?

□ Alternative Minimum Tax

■ What is its purpose?

■ Why is it needed?

□ 16th Amendment

□ Medicare Tax

■ Type of tax

■ What is its purpose?

□ Intergovernmental Revenue

□ FICA

■ Type of tax?

■ What taxes constitute it?

■ What are they used for?

□ Tax Relief Act (97)

■ Intentions

□ Incident of tax

■ Calculating

■ Defining

□ Social Security Tax/Benefits

■ What is it for?

Econ Ch. 9 Review - Sources of Government Revenue

Terms/Vocabulary

□ Payroll Withholding System

□ Medicare

□ tax assessor

□ Estate Tax

□ Regressive Tax

□ tax loophole

□ Flat Tax

□ Individual income tax

□ tax return

□ Payroll taxes

□ Progressive Tax

□ Proportional Tax

Concepts

□ Different types of taxes

■ Progressive

■ Regressive

■ Proportional

□ Payroll/Paycheck Deductions

□ Flat Tax

■ Define

■ What is it purpose?

□ Alternative Minimum Tax

■ What is its purpose?

■ Why is it needed?

□ 16th Amendment

□ Medicare Tax

■ Type of tax

■ What is its purpose?

□ Intergovernmental Revenue

□ FICA

■ Type of tax?

■ What taxes constitute it?

■ What are they used for?

□ Tax Relief Act (97)

■ Intentions

□ Incident of tax

■ Calculating

■ Defining

□ Social Security Tax/Benefits

■ What is it for?

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