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MCQ Questions for CBSE Class 12 with Answers
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Quiz
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Taxes
1.
Where does the government get most of its money?
Taxes
It prints money
It sells land
It produces products to sell
2.
What is something that federal taxes pay for?
Military
Schools
Police
Teachers
3.
What type of tax do you pay when you own a home?
Property tax
Income tax
Sales Tax
Social Security tax
4.
What type of tax do you pay when you buy something at the store?
Sales Tax
Income tax
Social Security tax
Property tax
5.
What type of tax goes to help pay for medical care of people over 65 years old?
Medicare tax
Sales Tax
Income tax
Property tax
6.
What type of tax takes a percentage of the money you make on a job?
Sales Tax
Property tax
Social Security tax
Income tax
7.
What type of tax goes to help pay for retirement?
Property tax
Income tax
Sales Tax
Social Security tax
8.
True or False: Businesses don't have to pay any taxes in the United States.
TRUE
FALSE
9.
According to the article, where does the United States rank worldwide in highest income taxes?
100th
25th
1st
7th
10.
What is the name of the agency that collects taxes in the United States?
Department of Energy
Internal Revenue Service
Secret Service
Federal Bureau of Investigation
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