Question

the primary way governments pay for services is by collecting taxes, meaning mandatory payments that governments collect from residents. read the passage about taxes. then follow the instructions below.
income taxes are one of the most important forms of taxation in the united states. individual income taxes are yearly payments to the government based on how much money someone makes. the federal government, most state governments, and some local governments collect income taxes. income includes salary or wages from a job, interest from money in the bank, profits from a self - owned business, or money from stock market investments. all this income is taxable, meaning that people must report it to the government and pay taxes on it.
income taxes are calculated as a percentage of total income earned each year. so, people who earn more money generally pay more in taxes.
decide whether each statement about taxes is true or false.
people have to report all of their income to the government.
everyone pays the same number of dollars in income taxes.
income taxes apply only to money that people make at their jobs.
only the federal government collects income taxes.
taxes pay for government services.

Explanation:

• People have to report all of their income to the government: The passage states "All this income is taxable, meaning that people must report it to the government and pay taxes on it". So this statement is True.
• Everyone pays the same number of dollars in income taxes: The passage says "Income taxes are calculated as a percentage of total income earned each year. So, people who earn more money generally pay more in taxes". So this statement is False.
• Income taxes apply only to money that people make at their jobs: The passage mentions that income includes salary or wages from a job, interest from money in the bank, profits from a self - owned business, or money from stock market investments. So this statement is False.
• Only the federal government collects income taxes: The passage says "The federal government, most state governments, and some local governments collect income taxes". So this statement is False.
• Taxes pay for government services: The first sentence of the text says "The primary way governments pay for services is by collecting taxes". So this statement is True.

Answer:

1. True
2. False
3. False
4. False
5. True