Types of Taxes & the US Tax Code: Impact on Microeconomics Video

Instructions:

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

question 1 of 3

Which of the following is an example of a regressive tax?

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1. If the United States radically overhauled the tax code and established a flat tax, what type of tax structure would it have?

2. What type of income tax system is currently in place at the federal level in the United States?

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About This Quiz & Worksheet

Taxes is one of the few guarantees in life. This quiz/worksheet combo will help you test your understanding of taxes. The questions will quiz you on the types of taxes, such as proportional and progressive.

Quiz & Worksheet Goals

This quiz and worksheet will test you on the following:

  • Regressive taxes
  • The effect of taxes on consumer prices
  • Who is able to impose taxes in the US

Skills Practiced

These assessments will test the knowledge gained from the lesson by using the following skills:

  • Interpreting information - verify that you can read information regarding taxes and interpret it correctly
  • Information recall - access the knowledge you've gained regarding who has the authority to levy taxes in the U.S.
  • Knowledge application - use your knowledge to answer questions about different types of taxes

Additional Learning

To learn more about taxes and the U.S. Tax Code, review the accompanying lesson, Types of Taxes & the US Tax Code: Impact on Microeconomics. The lesson covers the following objectives:

  • Understand taxes in the United States
  • Learn the role of taxes in microeconomics
  • Examine types of tax structures
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