What is a Tax Anticipation Note?

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

A TAN is like a town/city pulling forward their tax collection. You can also think of TANs as _____ because they help the town traverse a 'financial crevasse.'

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1. _____ are municipal bonds where the bond proceeds are secured by future tax revenue.

2. All of the following are examples of taxes that would secure a TAN, except for _____

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About This Quiz & Worksheet

Answer questions on tax anticipation notes. Find out what you know about key points such as the proper application of a TAN and a type of municipal bond that is dependent on future tax revenue.

Quiz & Worksheet Goals

See what you understand about these topics:

  • Taxes that are used for a TAN
  • Term to describe how the government collects taxes
  • Lower tax revenues and what that means for TAN bondholders

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about tax anticipation notes
  • Making connections - use understanding of tax revenue and how it's connected to TANs
  • Information recall - access the knowledge you've gained regarding a certain municipal bond that is secured by future taxes

Additional Learning

Feel free to learn more with the study lesson entitled What is a Tax Anticipation Note? Follow along via these key points:

  • Example of a TAN
  • Description of how a government funds its expenses throughout the year
  • Real-life examples of issuing bonds to fund government projects
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