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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