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Question 15 pts

The expression “as is” posted on a car that is for sale means that the car is being sold ____________.

Flag this QuestionQuestion 25 pts

The ____________ is the price that appears on the invoice that the manufacturer sends to the dealer when the dealer receives a car from the factory.

Flag this QuestionQuestion 35 pts

One disadvantage of ____________ compared to ____________ is the mileage restrictions.

Flag this QuestionQuestion 45 pts

One advantage of ____________ over ____________ is a lower up front payment.

Flag this QuestionQuestion 55 pts

One disadvantage of buying a car is that its value ____________ over time.

Flag this QuestionQuestion 65 pts

____________ is a company that provides information about the market price of cars.

Flag this QuestionQuestion 75 pts

____________ is a company that provides vehicle history reports.

Flag this QuestionQuestion 85 pts

A ____________ is a vehicle that you offer to the dealership in exchange for credit toward the price of the automobile that you’re purchasing.

Flag this QuestionQuestion 95 pts

A ____________ is a tax imposed by the government on the sale of goods and services.

Flag this QuestionQuestion 105 pts

A ____________ is a tax on the value of a property.

Flag this QuestionQuestion 115 pts

The taxation system in the U.S. is ____________. This means that the tax rate for high-income earners is ____________ for low-income individuals.

Flag this QuestionQuestion 125 pts

A ____________ is a range of incomes that are subject to a certain income ____________.

Flag this QuestionQuestion 135 pts

The U.S. government agency responsible for the collection of taxes and enforcement of tax laws is:

Flag this QuestionQuestion 145 pts

The Federal Insurance Contributions Act (FICA) tax is a tax imposed on both employees and employers to fund ____________ and ____________.

Flag this QuestionQuestion 155 pts

____________ is illegal. ____________ is legal.

Flag this QuestionQuestion 165 pts

____________ is a tax imposed by the government on the income of all entities under its jurisdiction.

Flag this QuestionQuestion 175 pts

The ____________ is an individual’s total pay before accounting for taxes or other deductions.

Flag this QuestionQuestion 185 pts

The W – 4 form (shown below) is a document used by ____________ to indicate their tax situation to the employer.

Flag this QuestionQuestion 195 pts

The American Opportunity Tax Credit (AOTC) gives ____________ tax breaks for qualified education expenses, such as tuition.

Flag this QuestionQuestion 205 pts

Find the effective tax rate if a person owed $ 5,000 in federal income tax and had a taxable income of $ 50,000.

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