Income Tax Fundamentals Quiz

A tax imposed on property ownership by the government

A tax imposed on investments by the government

A tax imposed on individuals and businesses' income by the government (correct)

A tax imposed on goods and services by the government

To regulate international trade

To fund government operations and public services (correct)

To encourage savings and investments

To control inflation

Based on a percentage of the individual's taxable income (correct)

Based on the individual's marital status

Based on the individual's level of education

Based on the individual's age and gender