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Mini-Quiz: Paying Taxes

by Ron Kurtus (revised 26 November 2011)

Take this Mini-Quiz to check your understanding of the lesson material.

1. What is the purpose of a sales tax?

It is a way to collect more taxes from people who spend more money

It is a way to discourage people from buying things

It is in order to give sales people higher wages

2. Why must you pay taxes for things you don't use or believe in?

It is the price of belonging to you specific society

You only have to pay for things and programs you support

It is a flaw in tax policies that they are trying to change

3. Why don't they just let you pay all your taxes at one time?

They are afraid you might leave the country

The governments need money right away for day-to-day expenses

They want the taxes to hurt the whole year long

If you got all three correct, you are on your way to becoming a Champion in Personal Finances. If you had problems, you had better look over the material again.

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