Managing Your Personal Finances 7th Edition by Joan S. Ryan – Test Bank
$29.00
Edition: 7th Edition
Format: Downloadable ZIP File
Resource Type: Test Bank
Duration: Unlimited downloads
Delivery: Instant Download
Managing Your Personal Finances 7th Edition by Joan S. Ryan – Test Bank
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1. Federal income taxes are regressive. a. True b. False ANSWER: False |
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2. Consumption taxes are taxes on goods and services. a. True b. False ANSWER: True |
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3. On a local level, taxes pay for services such as education, parks, roads, police, fire, and health departments. a. True b. False ANSWER: True |
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4. In the United States, both businesses and individuals pay income taxes and must file income tax returns each year. a. True b. False ANSWER: True |
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5. Revenue bills must pass a vote in the Senate and then be signed by the President before they become law. a. True b. False ANSWER: False |
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6. When government spends more than it receives in revenue, it has a surplus. a. True b. False ANSWER: False |
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7. In the United States, all citizens are expected to prepare and file tax returns on their own without being forced to do so by the government. a. True b. False ANSWER: True |
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8. If you file a joint tax return, you can take an exemption for your spouse. a. True b. False ANSWER: True |
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9. Only married taxpayers qualify for the head of household filing status. a. True b. False ANSWER: False |
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