B#12 Taxes

Benchmark 4-B:

analyze and evaluate how economic systems impact the way individuals, households, businesses, governments and societies make decisions about resources and the production and distribution of goods and services:

#12 Standards with Test Item Specifications:

Compare and contrast different types of taxes (e.g., progressive, regressive, proportional)

Sample Question:

Read the table and answer the question.

What are the appropriate labels for Title One and Title Two, respectively?

A. Progressive Tax; Regressive Tax*

B. Exemptions; Assets

C. Flat Tax; Proportional Tax

D. Debits; Credits