2. a
3. c
4. b
5. a
6. a
1. Which tax is paid to a third party?
a. direct
b. flat
c. income
d. indirect
2. Anna's job pays $10 per hour and she works 40 hours per week. Her tax rate is 20 percent. Assuming she works 50 weeks per year, the amount she will pay in taxes is
a. $4,000
b. $14,000
c. $20,000
d. $30,000
3. "tax bracket" is a term associated with which type of taxation?
a. corporate
b. proportional
c. progressive
d. flat
4. Which of these is an example of indirect tax?
a. corporate income tax
b. gasoline tax
c. paycheck withholdings
d. property tax
5. Which of these are loans to business or governments?
a. bonds
b. IRA's
c. mutual funds
d. stocks
6. Calliope is in her mid 30s and wants to start saving for retirement. She wants to invest a portion of her income, but she's wary of high risk options. How should she best allocate her investment funds?
a. bonds and mutual funds
b. mutual funds and futures
c. stocks and bonds
d. stocks and futures
