Question

1. paying your income taxes on an ongoing basis means

a. taxes will be withheld from each paycheck
b. you won’t owe as big of a tax bill later in the year
c. you were meeting part of your civic duty
d. all of the above

1. progressive taxation is

a. the spending or disbursement of money
b. a number that corresponds to the amount of tax withheld from your paycheck
c. the form of taxation adopted by the u.s. that taxes its citizens based on their incomes, taxing the wealthy at a higher rate -- the higher your income, the higher your tax liability
d. an individual’s gross income minus specific deductions

1. which of the following statements are true about allowances, related to filing of income taxes?

a. an allowance is a number that corresponds to the amount of tax withheld from your paycheck
b. the more people you need to support (dependents), the more allowances you can claim
c. the less allowances you claim, the more money is withheld from your wages for income taxes
d. a and b
e. all of the above

1. what are tax revenues and outlays?

a. when the government creates a budget each year based on anticipated income from sources like personal income tax, corporate tax, payroll tax, etc. then they allocate money to specific services and programs.
b. comparing what you actually paid with what you should have paid and determining if you paid too much or too little
c. reconciling your taxes
d. asking citizens to identify government benefits they have received this year

Explanation:

• Question 36: Paying income taxes on an ongoing basis means taxes are withheld from each paycheck (a), which helps avoid a large tax bill later (b), and it is part of civic duty (c). So all options are correct.
• Question 37: Progressive taxation in the U.S. taxes citizens based on income, with higher - income earners taxed at a higher rate (c). Option a is about government spending, option b is a wrong description of the tax - withholding number, and option d is about adjusted gross income.
• Question 38: An allowance is related to tax withholding (a), more dependents mean more allowances (b), and fewer allowances lead to more withholding (c). So all options are correct.
• Question 39: Tax revenues are from sources like income tax, and outlays are for services. Option a correctly describes tax revenues (from taxes like personal, corporate, payroll) and outlays (allocation to services). Option b is about tax reconciliation, option c is just a part of the tax process, and option d is not the definition of tax revenues and outlays.

Answer:

• 36. d. All of the above
• 37. c. The form of taxation adopted by the U.S. that taxes its citizens based on their incomes, taxing the wealthy at a higher rate -- the higher your income, the higher your tax liability
• 38. e. All of the above
• 39. a. When the government creates a budget each year based on anticipated income from sources like personal income tax, corporate tax, payroll tax, etc. Then they allocate money to specific services and programs.